Friday, 28 June 2013

Myanmar telco auction: the good and the bad | beyondbrics

"The decision by Myanmar’s government to award two fiercely contested national mobile communications licenses to Qatar’s Ooredoo and Norway’s Telenor Mobile Communications on Thursday raised as many questions as answers among Yangon-based analysts – not least due to an eleventh-hour effort by the country’s parliament to block news of the winning bids.

At the same time, conclusion of the contest reassured a growing number of investors eyeing Myanmar that the country is capable of conducting a transparent, fair and efficient public tender.

Under decades of harsh and secretive military rule, Myanmar was known for corruption and opacity in its business dealings. The telecoms contest – the first large public tender outside the natural resources sector to include foreign companies – was widely praised by consultants and participating companies, including Sunil Bharti Mittal, head of India’s Bharti Airtel, as “world class”."

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