Myanma Posts and Telecommunications (MPT) gained quadruple times subscribers time after cooperating with Japanese firms KDDI and Sumitomo.
The MPT signed an agreement with the Japanese firms in July 2014.
According to MPT, they had about six million subscribers in September 2014 and had increased to 11 million subscribers in January 2015, 20 million subscribers in May 2016 and 25 million subscribers in May 2018.
“Previously, MPT was the only telecommunication company in Myanmar and later Ooredoo and Telenor entered in the market. So they planned to cooperate with Japanese firms to compete in the market. The MPT has more plans for the future including Smart Home and Smart City,” said an official from the MPT.
The KDDI and Sumitomo will invest US$2 billion in the joint venture to develop telecommunication sector for ten years. It is the biggest investment by Japan in Myanmar.
Myanmar has a mobile density rate of 105 per cent. About 50 per cent of the total population in Myanmar own SIM cards and 90 per cent of them are using 4G and 3G networks. Some 80 per cent of them using smart phones and the internet connectivity rate is 0.1 per cent, according to Digital Myanmar report.