MTN latest to be added to Myanmar interest list

1 Feb 2013

South African telecoms group MTN is in talks with Myanmar’s Directorate of Investment and Companies Administration (DICA) with a view to gaining an operating licence in the south east Asian country, local source Eleven Newsmedia reported. MTN is thought to have joined a list of around 18 companies which have submitted an expression of interest (EoI) in acquiring Myanmar licences, including India’s Bharti Airtel, Singapore’s SingTel, Malaysia’s Axiata, Caribbean group Digicel, Singapore-based telecoms investor ST Telemedia (with interests including StarHub and Malaysia’s U Mobile), KDDI of Japan, Thai operator AIS (via parent Shin Corp/InTouch) and Norway’s Telenor (parent of Thailand’s DTAC). Digicel Group CEO Colm Delves confirmed to TMT Finance that Digicel had expressed an interest in Myanmar. A deadline for EoIs has been extended to 8 February following an investigation into alleged corruption involving state officials.