Vodafone and China Mobile join to create Burma mobile bid
Vodafone and China Mobile have come together to bid for mobile licences in Burma. The two biggest telecommunications companies in the world are trying to tap into the newly opened market.
Burma, sometimes known as Myanmar, has taken steps in recent years to reform its economy, but mobile phones remain too expensive for most people. Only 10% of people have mobile phones in the country, which has a population of more than 60 million, according to Vodafone.
The Burmese government has said it wants to boost coverage to 80% over the next three years. This has prompted multiple companies to come forward and try to take advantage of this new market.
“Myanmar will be an important new market for the global mobile industry,” Vodafone and China Mobile said in their statement.
Other companies bidding for licences include Singapore’s SingTel, Qatar Telecom and Norway’s Telenor.