Myanmar Considers Letting Outsiders Into Telecom Market Amid Overhauls
Myanmar is considering plans to open its underdeveloped telecommunications market to large-scale foreign investment, a senior regulator said. Khin Maung Thet, director-general of Myanmar's Post & Telecommunications Department, said in an interview that a new communications law is being studied to create four new telecommunications licenses in the country, with the licenses available both to local and foreign investors.
Currently, foreigners aren't allowed to hold telecom licenses in Myanmar, he said. The new law was sent to Myanmar's attorney general last month, he said, and is awaiting his approval now. Once that is obtained, Mr. Khin Maung Thet said, the law will be sent to Myanmar's cabinet and then on to Parliament for approval. Mr. Khin Maung Thet said he wasn't sure when the attorney general would finish reviewing the law.
Myanmar Considers Letting Outsiders Into Telecom Market Amid Overhauls