Vietnamese military-run operator Viettel has provided details of its plans for entering the Myanmar mobile market, including a goal of connecting 95% of the country's population within three years.
Viettel was recently selected as the international partnerfor a consortium of 11 local technology and other companies selected to become Myanmar's fourth mobile operator.
As part of this consortium, Viettel announced plans to roll out a 3G-only network on the 900-MHz and 2100-MHz frequency bands. The operator also aims to launch 4G services on the 1800-MHz bands if it secures the required licenses.
The consortium will have a total investment of $1.5 billion, and Viettel will take a 49% stake in the venture.
“We enter Myanmar at this historic phase in the country’s reform era, when the country is forecast to witness accelerated economic growth, enhanced also through increased foreign direct investment,” Viettel deputy general director Le Dang Dung commented.
“Advancing the country’s telecom infrastructure will help us drive a surge in mobile and smartphone subscription penetration, to achieve the government’s target of reaching 90% of the population by 2020. We believe that the role of telecommunications is fundamental in driving Myanmar’s next phase of economic growth.”
The consortium will be competing with Telenor Myanmar and Ooredoo Myanmar, as well as the joint venture between Myanmar Posts and Telecom and Japan's KDDI.