Vodafone and China Mobile created a consortium to bid for mobile licences in Myanmar(Burma)

The world’s largest and second largest mobile operators i.e. China Mobile and Vodafone, have created a consortium to bid for mobile licences in Myanmar.

Why Vodafone and China Mobile joined hands?

Mynmar has: 

  • A comparatively young in the world.
  • Highly literate population of around 60 million
  • GDP growth rate of 5.5% per annum
  • Mobile phone penetration is at present below 10% i.e. much lower than in many other developing economies
  • Myanmar hopes to increase mobile penetration to 80% in 3 years
  • 2 licenses will be tendered to authorize the holders to Build, Own and Operate a mobile network on a country-wide basis for a term of 15 years.
  • Thus, Myanmar is seen by these companies as a potential market for the global mobile industry.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017

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