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

Photo: Numix Engineering Sdn Bhd.

Myanmar Technology Gateway (MTG), a local technology service provider, and Malaysia’s Numix Engineering are investing $2.5 million for satellite teleport development to roll out nationwide VSAT broadband service by the end of this year.

The new joint venture entity MTG-NUMX Co Ltd will have a satellite teleport set up in Nay Pyi Taw, the administrative capital of Myanmar, with MTG holding a 51 per cent stake while the balance will be held by Numix Engineering.

“We plan to take off by the end of 2017,” said Min Nyi Nyi Soe, business development manager of Myanmar Technology Gateway Co Ltd referring to the satellite teleport building which is about 90 per cent completed and could be ready to sell the service by the end of 2017.

The services would target banks, oil and gas corporations and mobile operators offering high speed broadband and GSM backhaul, said Soe, in an interview with DEALSTREETASIA.

MTG, established in 2003, sells the .mm domain name through its subsidiary, Myanmar New Information Center, along with providing hosting services. It entered telecom tower construction vertical after the entry of foreign telecom operators in 2014.

Numix specialises in system integration, VSAT satellite and wireless broadband telecom service across Malaysia and the South East Asia region.

MTG is looking to work with the forth telecom operator, Myanmar National Tele & Communications Ltd, as a telecom infrastructure service company, directly handling the telecom tower construction. Previously they have handled tower construction for about 200 towers as a sub-contractor for Ooredoo and Telenor.

“We will handle construction of our own telecom towers and provide a co-location service to operators,” said Soe.

MTG is also in the process of building a data centre, to be located in Nay Pyi Taw.

The 20 to 25 rack data center, which will require an investment of $0.5 million for the initial phase, will be ready for sales by the year end.

Others developing satellite teleport and related services include SEANET Myanmar, whose parent company is SEANET Technologies from Malaysia, and Com & Com Co Ltd.

Also Read:

Myanmar: Hughes Network, KBZ Gateway launch satellite solutions; Ooredoo launches 4G

FPT Myanmar scouts for local partner in fibre infra project

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

 

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

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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.