Burma on Thursday awarded its fourth and final telecoms licence to a joint venture between Vietnamese telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority-Burmese operator.
The US-government-backed Overseas Private Investment Corporation launches operations in Burma with a US$250 million loan to a company that builds and maintains telecommunications towers.
Myanmar Brewery Limited (MBL), the military-linked producer, faces stiff competition from global giants for a rapidly growing consumer market set to lift beer consumption from among Asia’s lowest.
Burma’s nascent internet industry has seen rampant abuse by extremist groups spreading misinformation, inciting violence and circulating false reports and pictures.
Despite promises of better voice connection and access to the Internet, mobile phone users in Rangoon say that Ooredoo’s services are falling short of high expectations.