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Axiata Group Eying Burma Market: Report

24 July 2012

Axiata Group is likely to be eyeing a license to enter the potentially huge Burmese telecoms market, industry insiders told Reuters news agency on Tuesday. Burmese President Thein Sein told the London-based The Financial Times newspaper earlier this month that telecoms, IT and technology are among key sectors for national development which require outside expertise as well as foreign direct investment, and Malaysian Axiata are thought to be interested. Thai media company True Corporation announced plans to jump into Burma’s emerging cable television market last week with a possible investment of one billion baht ($30 million).