Telenor, Oredoo Telecoms Licenses Finalized
31 January 2014
Two telecommunications companies that won bids to operate in Burma last June received their licenses on Thursday, in a move that they declared a “milestone” for the country. Telenor of Norway and Ooredoo of Qatar have vowed to dramatically increase mobile phone use in Burma, where only one in 10 people are currently thought to have access to a telephone. According to a report by Singapore-based Channel News Asia, Telenor aims to provide network coverage to 90 percent of the population within five years, while Ooredoo said it had already started building its 3G network. Telenor said it paid US$500 million for its 15-year license and expects to break even in three years.