China Mobile and Vodafone, the two biggest telecommunication companies of the world, on 4 April 2013 announced that they formed a consortium in order to bid for the mobile licences in Burma. The license will be awarded in June 2013 and it will be operating a nationwide network for next 15 years.
It is important to note that as of now there is just 10 percent mobile penetration in Burma. The population of Burma is over 60 million. The Government therefore decided to boost the coverage to 80 percent by 2016.
In yet another consortium, Denis O'Brien's Digicel formed alliance with George Soros' Quantum Strategic Partners and Serge Pun. This consortium will look forward to initial project investment between 1.5 billion US dollar and 2 billion US dollar.
Certain other companies will also bid for the licenses and these include Norway's Telenor, Qatar Telecom and Singapore's SingTel.
China Mobile and Vodafone Formed Consortium to Bid for Mobile Licences in Burma
By Jagran Josh
Apr 5, 2013, 16:27 IST
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