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161-180 of 2311
+0.06 or 1.6% to $3.74c
Technically is it possible to roll out 10,000 stn - two years?.
and 4G, 7,000km of fibre optic cable and 23,000 hot spot - by 2015??.
Any expert in telecom infrastructure and explain..?. thk Qs in advance.
http://www.myanmar-business.org/2013/06/ooredoo-to-invest-15bn-in-myanmar-on.html
OOREDOO will invest $15 bil over the lifetime, in rolling out a telecommunications network across Myanmar, should it win one of two licences being tendered, each for 15 years. It would roll out a 3G data network across the country, reaching 90% of the population within 2 years if it wins a license, Ooredoo plans to build more than 10,000 base stations in Myanmar, focusing coverage on urban and downtown areas. It could eventually take a 35% share of mobile-phone mkt in and is looking to form partnerships with distribution, retail and financial services companies in the country to help sell its products. The country's mobile penetration rate could eventually reach 140%.
Chief Strategy Officer Jeremy Sell.
http://www.independent.ie/business/technology/digicel-to-invest-9bn-in-burma-if-telecoms-licence-bid-wins-29319320.html
Publicly owned Myanmar Co. YSH Finance and global investment fund Quantum Strategic Partners, wants to roll out a nationwide 4G mobile phone network in Burma by December. Backed by telecoms Digicel founder Denis O’Brien, as well as billionaire businessmen George Soros and Serge Pun. Digicel consortium aims to cover 96% of the population by the end of 2015. This will involve 7,000km of fibre optic cable and the setting up of 23,000 wi-fi hotspots as well as the world’s largest solar power project.
Another group including Vodafone and China Mobile pulled out of the race last week.
Will SingTel let out any hint or left out in the cold???.
The winners will be announced on June 27.
More project for Japanese firms...
http://www.myanmar-business.org/2013/01/room-for-both-japan-and-china-to-do.html
At govt level, Tokyo was 1st to hold debt forgiveness talks with NayPyiTaw. In addition, Tokyo has started to offer fresh loans of around $600 million, pushing for a closer re-engagement between Japan and Myanmar.
On the ground, development of 2,400-hectare Thilawa Special Economic Zone near Rangoon which includes a port and an industrial park.
Thilawa is being largely financed by a consortium of Japanese companies including Mitsubishi Corporation, Sumitomo Corporation and Marubeni Corporation and should be completed in 2015.
Source: Global Times
teeth53 ( Date: 04-Jun-2013 17:31) Posted:
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But stock will still rise
teeth53 ( Date: 04-Jun-2013 15:53) Posted:
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June 26th date...While everyone is seen to focus on Tel Co Industries. There is oso =ly oilly n gases play comin in...
http://www.vinacomin.vn/en/news/Press-review/Burma-to-reconsider-energy-contracts-567.html (Govt reconsider energy contracts)
Govt has invited foreign companies to submit expressions of interest by June 14 and the auction is expected to attract fierce competition. Amid signs that Myanmar is likely to review, and possibly renegotiate, existing natural resources deals as it prepares to sign up to the Norway-based Extractive Industries Transparency Initiative. (EITI). It has signed by more than 30 countries, is a voluntary regime that sets high standards for financial disclosure, governance and environmental criteria. The World Bank and Australia are helping Myanmar’s govt prepare to meet EITI standards under aid programmes.
Naypyidaw - In light of Myanmar’s growing environmental concerns and a new emphasis on ensuring contracts are more equitable, the govt is likely to reassess existing contracts for minerals, energy and other resources, said U Soe Thane, the minister who oversees foreign investment. “This is a very sensitive issue. We must be careful – we have to honour old contracts but we must review them.”
More than $20bn has been invested in natural resources projects over the past 30 years by a range of companies, mainly from China & Asian countries, also Russia, Europe and Australia, according to Myanmar officials. Projects range from copper, nickel, coal and jade mines to oil and gas, both on and offshore.
In the latest auction, companies will be able to bid for rights to up to three of the 30 oil and gas exploration blocks, including full rights for 19 deepwater blocks. This will be a departure from the usual requirement for foreign companies to form partnerships with the state-owned oil and gas company, Myanmar Oil and Gas Enterprise.
Bidders for the remaining 11 shallow water blocks, however, will be required to enter production-sharing arrangements with MOGE, according to the country’s ministry of energy.
The announcement, dated April 11, said: “The potential bidders will be allowed to submit three proposals for any three offshore blocks (shallow water or deep water or both).”
Last month. Auction highlights strong hopes among oil and gas majors of further rich finds in Myanmar. Energy ministry officials predicted at an oil and gas conference in Yangon. Some of the world’s largest hydrocarbons companies would bid for blocks, including Chevron, BP, Woodside and Royal Dutch Shell. ConocoPhillips, ExxonMobil and Statoil.
The prospect of full rights to the deep water blocks is appealing on one hand, say western energy industry executives, even though foreign investors would have to cover the considerable exploration and development costs. In addition, the govt would have the right to purchase stakes, possibly up to 25%, in projects that prove commercial.
Drawbacks include the lack of comprehensive geological data and uncertainty over whether such contracts could be reviewed later, noted one executive.
Last year, in January for exploration rights to 18 onshore blocks, and the sale early of rights, about 10 onshore blocks to foreign companies including Thai state-owned PTTEP and Petronas, of M'sia.
At least another 20 offshore blocks are expected to be offered in the coming year.
At present, at least 12 foreign companies are involved in exploration or production on 27 existing offshore blocks, all in partnership with Myanmar’s state-owned oil and gas company. They include Total, of France, and Chevron, of the US, in a venture that predated western sanctions imposed in the early 2000s.
Total acquired 40% stake in an offshore exploration venture late last year, followed by Woodside of Australia, which bought into a South Korean-led consortium exploring a gasfield off Myanmar’s west coast.
Just wish those players playing / speculating on Myanmar play, don get hurt or be the last to hope tio.
Good luck n don be the last one. June 27th...announcement????
Want to tell the truth. the truth is very hard to stomach...
Everyone LOV this story. Myanmar aim to push mobile penetration upto 80% from current 9%> > > at cut throat price.
Get ready....123. BBs LOL-est and oso BBs leaving the scenc once drama it over.
Mai kon wa bo kon hohh....Happi Trading. Likely there will be a big n final push.
Very competitive" Bo short cut to prosperity"
One thing I am very sure is whoever's bid for n succeed will have to contribute a lot of commitment, experience n plenty of cash to fund their huge potential project. Oni telco big enuff to spend a lot of money is Singtel or Yoma (prepare to loss money 1st)
Needless to say, this included Yoma. Big question is, is Yoma willingly spend alot more cash and enegry to pursue their dream?.
Vodafone, China Mobile Withdraw Bid for Myanmar Telecom Licenses
teeth53 ( Date: 03-May-2013 22:05) Posted:
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One big blue boy in telecom industries gave up..????.
Anyone is think to earn big money after several years of pumping alot of cash, plus energy in Myanmar, will have the wrong concept and will be disappointed.
Vodafone, China Mobile Withdraw Bid for Myanmar Telecom Licenses
http://www.myanmar-business.org/2013/05/vodafone-china-mobile-withdraw-bid-for.html
" Bo short cut to prosperity"
teeth53 ( Date: 06-Apr-2013 22:01) Posted:
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i agree its bullish...this mrg it was good start. Afternoon shd gallop, or tmrw.
vested.
Octavia ( Date: 22-May-2013 10:03) Posted:
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I believe $4.50 target is possible.