Quarterly Business Magazine

MPT’s Two Japanese Partner Companies Agree to Invest US$2 Billion

Posted :
Thursday, July 17, 2014

Yangon – MPT’s two Japanese partner companies KDDI and Sumitomo Corporation have announced that they will invest US$ 2 billion to expand the telecommunications services.

After a long selection process for its foreign operator, the two Japanese companies were finally selected by MPT. The partnership agreement was signed on June 16th.

“We are taking a lot of steps in order to compete with other operators. Through this partnership, we believe we can provide affordable mobile services even to the rural areas,” says U Myat Hein, Union Minster for Communications and Information Technology.

The joint-venture will develop multiple communications services. It also sets aims to provide 80% of the country’s population with mobile access before 2016.

“To provide high quality services together with MPT, we will utilize our telecoms network backed by strong financial and technology resources,” says Hidehiko Tajima, Associate Senior Vice President Director at KDDI.

MPT will expand its mobile services through this partnership. It will begin selling mobile SIM cards without any restrictions no later than its competitors.

MPT will be offering 3G SIM cards as its main product with 2G being offered in a few excepted areas.

Also, negotiations are under way to ensure that its calling rates and internet usage fees are lower than other operators.

Powered by Drupal