NTT launches $5m Myanmar subsidiary
NTT has established NTT Myanmar, a subsidiary company based in Yangon, Myanmar.
NTT spent $5 million in capital investment and NTT Myanmar has already been granted a B2B wholesale licence from the country’s Ministry of Commerce to offer ICT solutions and managed services to enterprise clients in the region.
“Today’s digital landscape is changing rapidly. Hence, we are constantly innovating and working to meet our clients’ ongoing needs,” said Sutas Kongdumrongkiat (pictured), CEO of Thailand, Cambodia, Laos and Myanmar, NTT. “I am very pleased to announce the opening of our new affiliate office, reflecting our commitment to deliver intelligent, end-to-end solutions to our clients in Myanmar as the nation charges forward with its digital transformation roadmap. I am confident that our deep expertise in technology and strong capabilities in systems integration will drive transformational growth for businesses and foster greater economic progress for the country.”
The news comes after the company announced plans to build a new subsea cable called MIST, connecting Singapore, Myanmar and India, specifically Mumbai and Chennai. The $400 million, 11,000km system will offer 240Tbps of capacity with 400Gbps optical wavelength-division multiplex transmission, all designed for future expansion. It has been given an RFS date of June 2022.
It also forms part of the company’s new strategic partnership with Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (JICT) and WEN Capital (WEN), to create newly formed company Orient Link announced in October 2019.
The addition of a B2B wholesale licence will enable NTT Myanmar to scale its operations and enhance efficiency in delivering digital solutions that meet the needs of Myanmar’s ICT sector. At present, the telecoms industry in the country is growing at a rate of 6 -12% per annum, faster than many other Asian countries. Other than the ICT sector, NTT Myanmar also aims to support educational and financial sectors. The company will also be involved in ICT programmes to uplift the capabilities of tech talents.