Hanoi-based Viettel will be the third foreign telco to enter Myanmar after Telenor and Ooredoo.
Viettel was one of seven foreign companies to express interest in a tender launched at the end of last year. The Vietnamese operator was reportedly the only one to submit its proposal by the deadline of March 18, according to a source of the Myanmar Times.
“They passed the eligibility criteria and confirmed they were willing to pay their share of the licence fee price,” said the unnamed source.
Viettel will next have to enter negotiations with the domestic special purpose vehicle before applying to the country’s communications ministry’s post and telecoms department for a licence.
Once approved, it will join a local group of 11 public Myanmar companies and a subsidiary of military-run Myanmar Economic Corporation to form a joint venture for the fourth licence in the country.
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