Seven foreign firms keen on Myanmar licence

Seven foreign companies have expressed interest in Myanmar's fourth mobile licence, it emerged on Monday.

This is according to a report by Reuters, which cited Chit Wai, deputy permanent secretary of the Ministry of Communications and Information Technology (MCIT). The identity of the firms has not been disclosed, but they have all submitted expressions of interest (EOIs).

Now it is up to the MCIT to select a preferred bidder and apply to the Posts and Telecommunications Department (PTD) for a licence, which will be valid for 15 years. (Courtesy of totaltele.com)