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Telenor Awarded License in Myanmar

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1/30/2014
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FORNEBU, Norway -- Telenor Group today announced that it has signed an agreement with the Union Government of Myanmar for a nationwide telecommunications license. The license includes spectrum in the 900MHz and 2.1GHz bands and is valid for 15 years. Telenor aims to provide accessible and affordable mobile communications to people across Myanmar, and will launch services within eight months after the license is awarded.

"The people of Myanmar are ready for world-class mobile services and Telenor is ready to deliver it," said Jon Fredrik Baksaas, President and CEO of Telenor Group.

"A major milestone has been passed with the signing of the nationwide telecommunications license agreement with the Myanmar government. This is the start of an exciting journey in Myanmar's development, which Telenor will support through the delivery of world-class mobile services, responsible business practices and high standards that we live by in all of our markets," added Baksaas.

With a population of around 60 million, of which less than 10 percent have access to mobile services, Myanmar represents a strong business opportunity for Telenor in Asia. Telenor Group will build on its global and regional experience to establish Telenor Myanmar as a successful mass market operator.

Telenor ASA (Nasdaq: TELN)

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nasimson
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nasimson,
User Rank: Light Sabre
4/29/2014 | 9:31:04 AM
race to launch between Telenor & Ooreedoo.
Has Telenor launched its services yet? I heard there was a race between Ooreedo & Telenor to launch mobile services in Myanmar. A few weeks headstart was expected to turn into a competitive advantage in a market that was vastly under-connected.
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