Group becomes first foreign enterprise in telecommunications in the country.
The FPT Group has received an investment license from Myanmar’s Ministry of Communications and Information Technology to provide telecommunications services, called Network Facilities Service-Individual (NFS (I)), and becomes the first foreign enterprise in the telecommunications industry in the country. The NFS (I) license is valid from July 6 for a period of 15 years.
“With capacity and experience in providing telecommunications services in developing countries such as Cambodia and Vietnam as well as a lasting commitment, FPT has successfully convinced the Ministry of Communications and Information Technology to issue the license,” Deputy General Director in Charge of Globalization Activities at FPT, Mr. Duong Dung Trieu, said.
FPT is allowed to develop infrastructure in Myanmar to create a platform for internet services.
With the license FPT can also provide full telecommunications services and other value-added services based on network infrastructure, such as internet protocol television (IPTV), online games, e-news, e-commerce and domain services.
Myanmar has been identified as one of the key markets in FPT’s globalization strategy. In February 2013 it opened a representative office in the country and in July of the same year FPT Myanmar was founded, to seek and exploit business opportunities and development.
FPT Myanmar now has 60 employees, of which 35 are local people. In 2014 its revenue stood at $13.5 million.