Myanmar snubs SingTel and Soros for telecoms licence award

Companies from Norway and Qatar win licences that were expected to go to SingTel and a George Soros-backed bid from Digicel.
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No prize for SingTel
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<div style="text-align: left;"> No prize for SingTel </div>

Government officials in Myanmar have chosen Telenor and Qatar Telecom’s Ooredoo to be the first foreign telecoms operators in the country.

The winners of the 15-year concession, announced last night, came as a surprise and showed that Myanmar is willing to make its own decisions as it opens its economy to foreign investors. Many analysts had predicted a comfortable win for SingTel, which was bidding as part of a consortium with Myanmar’s biggest lender, Kanbawza Bank.

“Extensive expertise in large markets with the highest number of mobile customers, especially in low-income markets of Asia Pacific, backing by Singapore sovereign wealth fund Temasek and good government and...

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