SingTel and Axiata Among 4 Telcos Keen to Enter Myanmar

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Bloomberg reports that at least four major telecoms firms are vying to be granted licenses to operate in the newly opened up Myanmar market. Singapore’s SingTel (SGX:T48) and Telemedia are in contention, along with Malaysia’s Axiata (MYX: 6888), and Norway’s Telenor (NASDAQ:TELNF).

Two licenses are up for grabs as Myanmar aims to get phone coverage in 80 percent of the country by 2016. (Hat-tip to SGentrepreneurs for spotting this).