Mytel, Myanmar’s fourth telecom operator, officially launched its services in the country on June 9 and now offers 80 per cent of 2G and 4G network coverage in the country, a top executive said, according to dealstreetasia.
Telecom International Myanmar Company Limited, the company behind Mytel, is a joint venture between Myanmar government-owned Star High Public Co Ltd, the MTNH consortium comprising 11 Myanmar companies, and Vietnamese telecom company Viettel.
Viettel, which is backed by Vietnam’s defence ministry, owns a 49 per cent stake in the joint venture while the Myanmar consortium holds 23 per cent. Star High Public owns the remaining 28 per cent, the report said.