Myanmar's opening offers risk and opportunity

Long cloistered Myanmar offers companies opportunities as it opens up its economy but bottlenecks in the award of telco licenses already highlight the challenges.

Myanmar, the golden land, is in the midst of opening its doors after decades of isolation. Hotels are springing up in the capital city of Yangon and investors are flocking to the country. However, its opening offers both big opportunities and big risks.

Qatar-based Ooredoo, which is controlled by Qatar Telecom, was one of two companies to win a coveted telco licence in Myanmar in late June, after a competitive auction that drew bids from the likes of SingTel, India's Bharti Airtel and Malaysia's Axiata, among others.

The company, along with Norway’s Telenor, won a 15-year telecom licence to build out a mobile network in...

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