Interested parties must have a registered capital of at least €2.3 billion (3 billion kyat) and submit their application by August 24 2015, according to the Ministry of Communications and Information Technology (MCIT).
"The number of mobile phone and internet users has been growing very fast here. We have to improve the services," an MCIT official told Reuters.
The venture would add another operator to a sector that has grown since Norway’s Telenor and Qatar’s Ooredoo entered the market last year. The country’s third licence is held by Myanma Posts and Telecommunications (MPT), a joint venture between the telecoms ministry and Japan’s KDDI Group.
In July 2015 Telenor reported that its subscriber base has exceeded 10 million, while Ooredoo said it had 3.3 million in April.
