Singapore companies SingTel and ST Telemedia could eventually run Myanmar’s phone network
January 29, 2013 by Terence LEE
SingTel, Southeast Asia’s biggest telco, and ST Telemedia, a unit of Temasek Holdings, have indicated their interest in the telecommunications licenses that Myanmar will issue to boost its phone penetration rates, one of the lowest in Asia, reported Bloomberg.
Axiata Group, Malaysia’s largest mobile operator by market value, and Norway’s Telenor ASA have also submitted expressions of interest before the deadline on 25th January.
The country is offering two licenses to improve telecom coverage to 80 percent of the country by 2016. It currently has 5.44M mobile subscripers, or 9 percent of the population. Cambodia, meanwhile, has a 70 percent penetration rate, Laos has 87 percent, while Thailand has 100 percent.
“SingTel maintains an interest in investment opportunities in large, underpenetrated markets and will be financially disciplined in its evaluation of such opportunities,” the telco said in an email statement.
Its rival, ST Telemedia, owns stakes in technology and phone companies including StarHub, Singapore’s second largest telco. It also owns shares in mobile phone companies in Malaysia and Vietnam, as well as the largest TV operator in the Philippines.
SingTel, a publicly-traded company in the Singapore stock exchange, is one of the largest telecommunications companies in the world. It has a total mobile subscriber base of 462 million users in 30th June 2011, up 11% from a year ago. It is now reinventing itself for the digital age.View profile: SingTel More articles: SingTel
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About The Author
Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.Read other posts by Terence LEE