MDR's Myanmar move an added plus

Myanmar's government wants to increase mobile subscription rate to 75 per cent by March 2016. This means adding 40 million subscribers in under four years. The government is poised to grant up to four telecommunication operating licences - two to Myanmar companies and two to foreign companies - with 4G services targeted as early as 2013. If it succeeds, this country - like neighbouring Laos - could have more mobile phone subscribers than fixed line subscribers - PHOTO: AP

By Ven Sreenivasan

IS MDR finally getting the attention it deserves? The stock of the mobile phone company has been active after it recently announced a joint venture to enter the mobile phone market in Myanmar.
Under a deal inked with Be-Well (Myanmar) Company Ltd, Be-Well Corporation Pte Ltd and Avitar Enterprises Pte Ltd, MDR will hold a 51 per cent stake in the joint venture, temporarily called JVC.

JVC will "tap into the potential growth of the telecommunication industry in Myanmar" and provide after-sales services of telecommunication devices to consumers, the announcement said. More importantly, it will also be involved in the lucrative mobile devices and accessories distribution and retail businesses via exclusive retail franchisee procurement services to Myanmar-based Golden Myanmar Sea Co Ltd (GMS).
There is good reason why this piece of news should spur interest in MDR.

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