Singtel Bids For Burma's Telecom Sector

Singapore Telecommunications Ltd. had made a bid to gain the right to operate in Burma’s fledgling telecommunications sector, where it wants to focus on wireless services, Bloomberg reports on Friday. Burma began the process of opening up the sector on Jan. 15, by inviting companies to apply for two national licenses to operate in the sector. The bidding results are expected by June. The company is competing with several telecom firms including Malaysia’s Axiate Group Bhd, Singapore’s Telemedia Pte and Norway’s Telenor ASA, according to Bloomberg. Japan’s KDDI had reportedly also joined the bid. “While the market potential is very attractive, we would need to understand what the terms of the license issuance would be,†said SingTel CEO Chua Sock Koong.