Telenor predicts fivefold mobile phone surge in Myanmar

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mobile phone myanmar1Telenor, the Norwegian company that was granted one mobile phone license in Myanmar, said that mobile phone subscriptions in the country are likely surge more than fivefold to about half of the population by the end of 2017.

Telenor, which expects the license to be issued formally by the end of 2013, will start services eight to nine months after that, according to Bloomberg.

Penetration figures would grow from presently below 10 per cent to around 50 per cent in three years, the company said.

Telenor is seeking growth in Russia, India and other parts of Asia as competition intensifies at home. Myanmar selected Telenor and Ooredoo of Qatar in June 2013, opening up one of the world’s last remaining untapped markets. The expansion in Myanmar will boost Telenor’s sales by 7 to 8 per cent in 2020, according to analyst estimates.

The license allows Telenor to run a nationwide wireless network in Myanmar with a population of 59 million people for 15 years.

One of the planned “killer application” for Myanmar through Telenor’s network will be mobile banking, the company said.

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Reading Time: 1 minute

Telenor, the Norwegian company that was granted one mobile phone license in Myanmar, said that mobile phone subscriptions in the country are likely surge more than fivefold to about half of the population by the end of 2017.

Reading Time: 1 minute

mobile phone myanmar1Telenor, the Norwegian company that was granted one mobile phone license in Myanmar, said that mobile phone subscriptions in the country are likely surge more than fivefold to about half of the population by the end of 2017.

Telenor, which expects the license to be issued formally by the end of 2013, will start services eight to nine months after that, according to Bloomberg.

Penetration figures would grow from presently below 10 per cent to around 50 per cent in three years, the company said.

Telenor is seeking growth in Russia, India and other parts of Asia as competition intensifies at home. Myanmar selected Telenor and Ooredoo of Qatar in June 2013, opening up one of the world’s last remaining untapped markets. The expansion in Myanmar will boost Telenor’s sales by 7 to 8 per cent in 2020, according to analyst estimates.

The license allows Telenor to run a nationwide wireless network in Myanmar with a population of 59 million people for 15 years.

One of the planned “killer application” for Myanmar through Telenor’s network will be mobile banking, the company said.

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