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

Photo: OCK Group

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

Norway-based Telenor has built over 4,000 tower sites across Myanmar while Qatar-based Ooredoo’s coverage is with 3,800 towers around the country.

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.

Also Read: Myanmar Dealbook: Malaysia’s OCK to ink tower pact with Telenor; Shwe Taung Group partners Microsoft

Malaysia’s OCK incorporates telco subsidiary in Myanmar

Myanmar: Telenor, Yoma to launch mobile financial service Wave Money in 2016

 

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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.