China Mobile to invest in Myanmar
Published on Tuesday, 11 December 2012 20:05
An ICT show where products from international mobile companies were displayed (Photo - Nay Myo Tun/EMG)
China Mobile is planning to invest in Myanmar’s mobile phone sector, according to Directorate of Investment and Company Administration.
China Mobile will establish a company called Myanmar Mobile Company in accordance with the Foreign Investment Law and the Companies Law in Myanmar, it announced.
The delegation, led by General Manager Zhao Fang from China Mobile’s overseas development department, visited Nay Pyi Taw, the capital of Myanmar on December 5, to meet officials from the directorate to discuss the establishment of the company, it said.
Myanmar has 4.6 million mobile phone users and more than 600,000 fixed-line telephones. Only nine in every 100 people in the country are phone users.
By October 2012, Myanmar has set up 2,061 radio stations for 5.3 million phones and bought related equipment mostly from China, it was learned.
China remains the largest investor in the country, with a total investment value of US$14.15 billion in more than 30 industrial sectors by October.
National Latest News
- The Daily Eleven rebuts the government’s newspaper accusation
- Win Aung to serve another term as chairman of Myanmar's commerce chambers
- 25 more Myanmar migrant workers return home
- Yangon's 'Michaung Kan' evictions draw widespread criticism
- Myanmar’s new central bank law to be approved next month
- Myanmar to update 1988 Organizations Law
- Evicted families and students face difficulties
- Myanmar and Thailand universities participate in Education Fair
- 167 Myanmar workers arrive home from Malaysia
- Myanmar suspends sending workers to Malaysia