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State-owned Telecoms Giant to Go Private

14 May 2013

State-owned Myanma Post and Telecommunication will become a private enterprise, with the eventual goal being its transformation into a public company, the Myanmar Times reported on Monday. Minister for Communications and Information Technology U Myat Hein said that the new company would be called Myanmar Public Telecom, inviting companies gathered in Naypyidaw to help establish the firm at an undisclosed date. After MPT becomes a public company it will be one of four private telecommunications providers in the country, along with Yatanarpon Teleport and two other as yet undetermined operators, the Times reported.