Ooredoo, Telenor win telco licences in Myanmar
Orange selected as back-up choice if either licencee fails to fulfill obligations
Qatar's Ooredoo has won one of the two telecoms licences on offer in Myanmar.
The government of Myanmar has selected Ooredoo and Telenor Mobile Communications as the "successful applicants in the nationwide telecommunications licence award process".
A third bidder, a consortium consisting of Orange and Marubeni Corporation, was named as the "back-up applicant" in the event of the two successful applicants failing to fulfill the "post-selection requirements".
Other companies to miss out on a licence were Bhart Airtel and MTN Group, which made its bid as part of a consortium with Myanmar-based Amara Communications and M1 Telecom Limited.
"Based on the recommendation of the independent Selection Committee, which was supported by a technical team of international experts, the Union Government will now enter the process of finalising the granting of the two Nationwide Telecommunications Licences and Associated Spectrum Licences to the two successful applicants," Myanmar's CITC said in a statement.
Ooredoo and Telenor have committed to developing networks that cover at least 75% of Myanmar within five years of the start of the licence, according to the CITC.
MTN said in a statement that it was "disappointed" to miss out on the opportunity to operate in Myanmar, but congratulated Ooredoo and Telenor. MTN added that it remained interested in entering emerging markets including Myanmar and would "review other options as they become available".