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[July 14, 2014]
KDDI, Sumitomo to operate mobile phone service in Myanmar
(Japan Economic Newswire Via Acquire Media NewsEdge) KDDI Corp. and Sumitomo Corp. plan to operate a mobile phone service in Myanmar in partnership with the state-owned Myanmar telecom company, informed sources said Monday.
The two sides are expected to sign an agreement on the joint venture shortly.
The three companies plan to invest several hundred billion yen to set up mobile phone infrastructure in the country.
The Myanmar government has opened up the telecommunications market to foreign capital.
Norwegian and Qatari telecom businesses won international bids in June last year to provide cellphone services in Myanmar. Services are scheduled to begin this fall.
(c) 2014 Kyodo News
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