There's Still a Place Where Phones Are Rare and Axiata Wants In

  • Myanmar is the least-covered wireless market in Asia
  • Edotco bought telecom towers to enter Myanmar market

A man uses a mobile phone at a bus shelter in Yangon, Myanmar, on Tuesday, Oct. 6, 2015.

Photographer: Brent Lewin/Bloomberg

Axiata Group Bhd. plans to invest as much as $200 million on telecommunications towers in Myanmar, one of the least connected places on the planet, as the Malaysian phone operator seeks to capitalize on the world’s fastest-growing mobile market.

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