Singapore's SingTel set to invest
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Singapore's SingTel has been in discussions with officials to invest in Myanmar's telecom sector, according to local sources.
Gavin Wu Shiyuan, a representative from Singapore Telecommunications Ltd met with Aung Naing Oo, the director general of Directorate of Investment and Company Administration (DICA) in Nay Pyi Taw on Friday.
Although SingTel failed to win in Myanmar’s contest for two telecommunications licences, it will cooperate with Oreedo and Telnor in network expansion works and help the country to build its own satellite system.
Singapore-based SingTel is the largest telecom company in Southeast Asia, operating in Malaysia, Thailand, India, Philippines, Australia, Indonesia, Bangladesh, Pakistan and Sri Lanka.
SingTel is said to begin its operations in Myanmar soon.
