Bharti Airtel-led consortium is among the 12 applicants shortlisted by Myanmar government to bid for two nationwide telecom licences.
Securing a licence in Myanmar will help the Indian telecom major expand presence in the sub-continent at a time when the company is seeing decline in profits and the home market is reeling under regulatory uncertainity.
Vodafone and China Mobile consortium, Telenor, SingTel are among others who have been shortlisted by Myanmar. Myanmar's Ministry of Communications, Posts and Telegraph (MCPT) today closed second round of the licence awards process and declared 12 pre-qualified bidders.
"The Telecommunications Operator Tender Evaluation and Selection Committee has announced that twelve (12) applicants have been pre-qualified to submit applications for two nationwide telecommunications licences in the Republic of the Union of Myanmar," MCPT said in a statement.
The Myanmar Government issued invitation to the selected entities and consortium, including Airtel-led consortium, for the final tender.