Myanmar Picks Telenor and Ooredoo for Phone Licences
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Norway’s Telenor ASA and Ooredoo QSC of Qatar won licenses to expand telecommunications in Myanmar, one of the world’s last remaining untapped markets where only about one in 10 people has a mobile phone.
The two carriers beat nine other bidders including Singapore Telecommunications Ltd., billionaire George Soros and Bharti Airtel Ltd. in the auction. A France Telecom SA-Marubeni Corp. group was named as a backup in case one of the winners doesn’t fulfill final requirements.