Ooredoo hits 8 million customers

By JAKOB KREMBZOW | FRONTIER

YANGON — Ooredoo announced on Friday it had acquired an additional 1.3 million customers in the second quarter of 2016, bringing its total user back to 8.2 million across Myanmar in July.

The Qatari telco claims it is now able to reach 80 percent of Myanmar’s population with its services, with Ooredoo Myanmar CEO Rene Meza telling a press conference on Friday that over 4.6 million people now able to access the firm’s 4G network.

Since launching its Myanmar operations in Myanmar in the third quarter of 2014, Ooredoo has invested around US$2 billion in infrastructure, installing about 7500 kilometres of optical fibre cable despite rollout delays during last year’s monsoon season.

Ooredoo is one of Myanmar’s three telecommunications firms operating in Myanmar, alongside Norway’s Telenor the state-owned Myanma Posts and Telecommunications.. Ooredoo holds the smallest share of the market but said it had seen the fastest user growth in the past three quarters.

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Earlier this year, the government approved a fourth license to a consortium including Vietnamese military conglomerate Viettel military and 11 local companies.

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