NTT opens branch office in Myanmar
NTT Communications has become the latest international player to increase its presence in Myanmar with the opening of a branch office in Yangon.
The move comes as the country looks to privatise its telecoms market to attract international investment.
The Tier 1 provider is working in collaboration with local carriers and plans to provide ICT solutions to enable multinational companies to expand their operations in Myanmar.
NTT claims that the branch is the first to be launched by a foreign telecoms company and will be headed by Tsuyoshi Kawashima, who is concurrently president of NTT Thai operations and manager of its Phnom Penh and Vientiane branches.
The company said that Myanmar has “excellent growth potential” due to its abundant workforce and natural resources.
An increasing number of multinationals are expanding their operations in the Greater Mekong Subregion due to infrastructure improvements and are rapidly establishing production, distribution and sales systems, according to NTT. This is claimed to be increasing demand for high-quality ICT services.
Areas of improvement include the East-West Economic Corridor linking Vietnam, Loas, Thailand and Myanmar, the Kunming Bangokok Expressway, linking Thailand, Laos, Myanmar, and Mainland China’s Yunnan Province and the Southern Economic Corridor linking Vietnam, Cambodia and Thailand.
Last month, Hutchison Global Communications announced that it had been granted permission to provide international voice and data services in Myanmar through an agreement with Myanmar Posts and Telecommunications (MPT).