Myanmar operators looking for cash injection

18 Sep 2013

Myanmar’s two state-backed telcos, Yatanarpon Teleport (YTP) and Myanmar Post and Telecommunications (MPT) are seeking investors in preparation for the arrival of two new players to the market, in the form of Norway’s Telenor and Qatari firm Ooredoo. Reuters quotes YTP chief executive Tim Win as saying that the telco is seeking capital to develop its operations. YTP is awaiting government announcements on new licencing and spectrum fees before determining the exact amount that it will need for development, although Win noted that its current estimates suggested a minimum of USD1 billion. The YTP official refused to comment on how it planned to raise the capital, adding that YTP had recently been privatised, with the government’s stake reduced to 5%, although Win again refused to comment on the sale process or new ownership. MPT meanwhile is searching for a partner, and is involved in talks with companies from France, Japan, Singapore and Thailand.

Myanmar, Myanmar Post and Telecommunications (MPT), Yatanarpon Teleport (YTP)