Microsoft the next entering Myanmar

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MicrosoftUS software giant Microsoft is the next multinational company entering Myanmar after appointing its first local partner, Yangon-based Myanmar Information Technology.

The company has been tasked to grow Microsoft’s presence in the country and support deployments within the private and public sectors, it was announced on June 6 at the World Economic Forum on East Asia, with Microsoft pointing to the market opportunities and underscoring a “long-haul” commitment in Myanmar.

The new partner firm in Myanmar was founded in 1997 and has more than 300 employees with customers across various industries including banking and finance, healthcare, and government.

“I believe Microsoft’s global experience and solutions will be invaluable in building the Myanmar ICT industry,” said its CEO Tun Thura Thet.

Market researcher IDC projected that IT spending in Myanmar would hit $233.56 million by 2016, growing an average 16 per cent between 2011 and 2016. The country of 60 million has an Internet penetration of just 0.4 per cent. The government has pledged to open up the sector to foreign investments, putting two telecommunications licenses up for grabs, and aims to bump Internet penetration up to 80 per cent in the next few years.

 

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Reading Time: 1 minute

US software giant Microsoft is the next multinational company entering Myanmar after appointing its first local partner, Yangon-based Myanmar Information Technology.

Reading Time: 1 minute

MicrosoftUS software giant Microsoft is the next multinational company entering Myanmar after appointing its first local partner, Yangon-based Myanmar Information Technology.

The company has been tasked to grow Microsoft’s presence in the country and support deployments within the private and public sectors, it was announced on June 6 at the World Economic Forum on East Asia, with Microsoft pointing to the market opportunities and underscoring a “long-haul” commitment in Myanmar.

The new partner firm in Myanmar was founded in 1997 and has more than 300 employees with customers across various industries including banking and finance, healthcare, and government.

“I believe Microsoft’s global experience and solutions will be invaluable in building the Myanmar ICT industry,” said its CEO Tun Thura Thet.

Market researcher IDC projected that IT spending in Myanmar would hit $233.56 million by 2016, growing an average 16 per cent between 2011 and 2016. The country of 60 million has an Internet penetration of just 0.4 per cent. The government has pledged to open up the sector to foreign investments, putting two telecommunications licenses up for grabs, and aims to bump Internet penetration up to 80 per cent in the next few years.

 

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