Viettel, the international partner for a consortium of 11 local companies, has been chosen to build and operate Myanmar's fourth mobile operator.
Viettel initially plans to roll out a 3G network on the 900-MHz and 2100-MHz frequency bands, and would launch 4G services if it is able to secure 1800-MHz frequency licenses.
The consortium will have a total investment of $1.5 billion, and Viettel will have a 49 percent stake in the venture, paying $300 million in spectrum fees.
That appears to be lower than the $500 million paid by Telenor and the more than $1 billion Qatar’s Ooredoo is said to have invested.
The Myanmar market, newly liberalized only recently, also includes state-owned operator MPT, which has about 66 percent installed base, while Telenor has about 21 percent and Ooredoo has about 13 percent.
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