Japan's KDDI Expected to Take Over Management of Myanmar Network
Published on: 13th May 2014
Japan's KDDI is reportedly close to signing a deal that would see it take over the management of the state owned telecoms network in Myanmar.
Myanmar has recently granted mobile licenses to Ooredoo and Telenor, bringing competition to the underserved market, where the state-owned telco was largely a tool of the military and politicians.
Citing government officials, the Myanmar Times reported that KDDI is expected to sign a deal by the end of the month to take over the management of Myanmar Posts and Telecommunications (MPT).
The deal was due to be signed months ago, but has been held up by the sorts of delays that often befuddle state-owned companies, and is itself indicative of the problems that KDDI will have to surmount if it is to ensure MPT can compete against its new rivals in the market.
Other partners to run MPT had included Orange and Singtel, although they were dropped from the bidding.
U Kyaw Soe Win, the MPT's new CEO told the newspaper "We will make an official announcement when the time comes,"
He added that "We are not hiding anything in this process."
On the web: Myanmar Times