Myanmar’s MTG DC to invest $24m in telecom tower business

Yangon-based telecom services player MTG DC Co Ltd  is looking to invest about $24 million over the next year and a half in creating tower infrastructure in the country,  an executive from the company said.

Its top customer will be the new telecom operator, Myanmar National Tele & Communications Ltd (MNTC), backed by Vietnam’s Viettel that will enter the market under the brand, Mytel.

MTG DC, also known as Myanmar Technology Gateway (MTG), will be investing $12 million in the first phase of the project, that involves the setting up of 250 towers by March 2018.

“We aim to start in Nay Pyi Taw and Shan state and continue with other regions,” said Min Nyi Nyi Soe, business development manager of MTG.

The company is also on course to developing a satellite teleport in Nay Pyi Taw with Malaysia’s Numix Engineering. MTG received its Network Facilities Service (Individual) licence in 2015 to provide satellite earth station facilities and Internet services.

The company hopes to complete the installation work of their satellite infrastructure by next month to be able to sell the service of high speed VSAT broadband and GSM backhaul by March 2018.

MTG has previously handled telecom tower development work as a sub-contractor and is now looking to set them up on its own, providing co-locations.

Outside tower construction and satellite teleport development, MTG is also building a 20 to 25-rack data center in Nay Pyi Taw. However, the data centre development is currently on hold due to its focus on telecom tower business.

Some of the major players in the tower construction in Myanmar include Malaysia’s OCK Group, which announced plans to invest $243 million in 2016, edotco and Apollo Towers. Experts say,  the telecom tower infrastructure space is ripe for  consolidation in 2018.

Also Read:

Myanmar Technology, Malaysia’s Numix JV to invest $2.5m in broadband services

Axiata acquires 12.5% additional stake in edotco Myanmar via local subsidiary

Malaysia’s OCK to invest $243m on telecom tower infrastructure 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.

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.

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.