Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Follow:
Invest Myanmar - The Myanmar Investment Gateway
NEWS BY TOPIC
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
NEWS BY SECTOR
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Myanmar’s parliament approves telecommunications bill

MYANMAR’S PARLIAMENT APPROVES TELECOMMUNICATIONS BILL
Date: 18/09/2013
Source: Mizzima
Myanmar’s parliament approves telecommunications bill

Myanmar's Union Parliament on Tuesday approved a bill to promote the country's telecommunication sector, according to parliament sources.

The telecommunications law calls for the development of the country with telecommunications technology and more participation by private sectors in developing the telecommunications sector.

In the approved telecommunications bill, foreign telecom companies are allowed to operate in the country with license duration periods from five years in minimum to 20 years in maximum.

The telecommunications bill was submitted to Parliament for approval last November.

On June 27 this year, Norway's Telenor and Qatar's Ooredoo became the first foreign companies to be granted mobile operating licenses in Myanmar.

Myanmar's government invited public tender from local and international investors for two telecommunications operator service licenses in January in the year.

A total of 91 telecommunication companies at home and abroad including multi-national ones bid for the tender and 11 were short-listed to be selected for the final two.

At present, the state-run Myanmar Posts and Telecommunications (MPT) and Yatanarpon Teleport Co. Ltd are undertaking as operators for the country's communication services.

The ministry has reportedly planned to extend up to 10 million phone lines in 2013-14 fiscal year.

Myanmar's government plans to increase the percentage of mobile phone users to 80 percent by 2015.

Currently, only 7.08 percent of the Myanmar's 60 million population have access to mobile phones.

The government is implementing a plan to increase the telephone density to 22.8 percent in the fiscal year 2013-14, 50 percent in 2014-15, and between 75 and 80 percent in 2015-16.


Topic: Business
Did You Know?
There are four major rivers in Myanmar: Ayeyarwaddy River, Thanlwin River, Chindwin River, and Sittaung River. ... More

Featured news story
Myanmar allows forex trade between local banks
Myanmar allows forex trade between local banks

Featured Video
250 delegates from all over the world attend Myanmar's first banking - Invest Myanmar.biz video
250 delegates from all over the world attend Myanmar's first banking

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest Myanmar.biz. All rights reserved.  

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.



Crafted by Sofia Web Works®, makers of Pahraat Kasinot and Casinobonus på alla svenska online casinon an Invest Bulgaria company