FPT Myanmar scouts for local partner in fibre infra project

FPT Myanmar, owned by Vietnam tech major FPT Corporation, is progressing on implementing the first phase of fibre infrastructure development which will require an investment of $50 million by the firm up to 2018.

FPT Myanmar is also initiating talks to sign on a potential local partner, who will hold some stake and also handle civil works for the project.

The company bagged the Network Facilities Service (NFS) licence in 2015 and secured permit from the Myanmar Investment Commission,

FPT Myanmar has so far completed the survey and built a 30-rack data center in Yangon.  “For sure, in 2017, we will start implementing the fiber infrastructure,” said Dao Quy Phi, business development director of FPT Myanmar.

The firm is expected to start building the fiber backbone phase II around 2018. The infrastructure will cover services such as content and infotainment, payment gateway or providing TV OnDemand.

Among FPT’s other activities in Myanmar include the development of  National Web Portal as part of the ‘Telecommunications Sector Reform Project’ supported by the World Bank.

FPT won the Ministry of Communications and Information Technology tender by beating other foreign players. It will be responsible for building the software and hardware of the national web portal.

“We hope to start work next month after Thingyan (water festival),” said Phi.

The phase one of project implementation will take about 10 months. The portal is envisaged to be a single hub where all the official data can be stored or retrieved.

The $31.5-million credit from the International Development Association will be partly used for the formation of an ‘eGovernment’ by developing the Myanmar National Portal.

In February, FPT also won a $11.3-million World Bank supported project to modernize Myanmar’s public finance system beating 12 competitors across Asia. The project includes supply, installation and commissioning pre-fabricated data center facilities in Nay Pyi Taw and Yangon for Myanmar’s Ministry of Planning and Finance. FPT is expecting to complete the project in eight months.

FPT Myanmar, which is under FPT Singapore, also handles some critical projects in the country including the national financial switching system for Myanmar Payment Union and ERP system for United Paints Group.

With 200 employees, FPT Myanmar has four offices in Yangon. It also has a distribution partnership with MobiTel.

Myanmar has taken several steps in opening up its telecom sector by granting a nationwide license to Telenor and Ooredoo back in 2014. Again in January 2017, Myanmar National Tele & Communications Co Ltd backed by Vietnam’s Viettel bagged the license. To date, there are 41 companies that have got a Network Facilities Service (Individual) license.

The major providers of fiber optic network in Myanmar include Myanma Posts and Telecommunications (MPT), Yatanarpon Teleport, Telenor. KBZ Gateway, in 2016, teamed up with U.S. based satellite service provider, Hughs network Systems and Asia Satellite Telecommunications to offer fibre optics.

Also Read:

FPT to invest $50m to expand Myanmar operations

Myanmar to be strategic market in FPT Corp’s global investment plan

Viettel-backed group gets licence to become 4th telecom operator in Myanmar

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.