Myanmar Phone Contest Pits Soros Against SingTel: Southeast Asia
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Myanmar’s contest for two telecommunications licenses attracted bidders from around the globe seeking a foothold in one of the last remaining untapped markets, where only one in 10 people has a mobile phone.
The winners are scheduled to be announced today, ending a six-month race that drew 91 expressions of interest to operate in the country of 64 million people. Norway’s Telenor ASA, Singapore Telecommunications Ltd., billionaire George Soros and France Telecom SA are among the 11 remaining bidding groups.