Malaysia’s OCK Group – a telecom tower infrastructure firm which set up a branch office in Yangon – will be investing $243 million in Myanmar for which it received an approval from the state.
The tower company, OCK Yangon Private Ltd, will invest in the construction, deployment and maintainence of passive telecommunications network infrastructure. Work will include leasing the infrastructure to licensed operators. The approved investment period is 15 years.
According to a source close to the telecom industry, OCK’s network will spread around 186 sites in Ayeyarwaddy, Chin and Rakhine State. “About 100 sites will be located near Pathein, Ayeyarwaddy Region while Chin will hold about 67 sites,” said the person.
Currently the contractors are undergoing civil works for the tower construction starting from May.
Media reports say that the Malaysia telecom service provider had, in December 2015, signed a contract with Telenor for the building over 920 towers across the country and had earmarked $75 million for the towers.
OCK also aims to construct up to 3,000 telecom towers in Myanmar over a five-year period
In February 2016, Telenor announced that it has reached 14 million users while Ooredoo’s users are 6.9 million. Local Myanma Post and Telecommunications (MPT) is leading the race with 18 million users, according to their announcement.