Vodafone and China Mobile make Burma mobile bid

  • 5 April 2013
  • From the section Business
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Image caption Vodafone and China Mobile are now among many other telecoms that have expressed interest

The two biggest telecommunications companies in the world have created a consortium to bid for mobile licences in Burma.

The licence, which is expected to be awarded in June, is to operate a nationwide network for 15 years.

The country has taken steps to reform its economy, but mobile phones remain too expensive for most people.

There is only 10% mobile penetration in Burma, which has a population of more than 60 million, according to Vodafone.

The government has said it wants to boost coverage to 80% by 2016.

That has led to a stream of companies hoping to take advantage of this newly-opened market.

"Myanmar will be an important new market for the global mobile industry," Vodafone and China Mobile said in their statement.

A separate consortium also indicated its interest. Billionaire George Soros' Quantum Strategic Partner has joined forces with Digicel and Serge Pun, a businessman in Burma, to bid for licences as well, they said in a statement.

Other companies bidding for licences include Singapore's SingTel, Qatar Telecom and Norway's Telenor.

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