Published on : Jul 24, 2018
Albany, New York, July 24, 2018: Ubiquity of smart phones and expanded network of 3G will likely prompt growth in telecommunications market of Myanmar. In its recent report addition titled, 'Myanmar: Country Intelligence Report', Market Research Hub (MRH) sheds light on the impact of ongoing developments on the growth of telecommunications market in Myanmar.
Broadband Penetration to Boost Growth in Myanmar Telecommunications Market
Adoption of mobile data and 4G services encourage growth in telecommunications market in Myanmar. Service providers in Myanmar are diverting significant investments to improve network services and mobile technology to retain their lead in telecommunication services in Myanmar.
In a novel development towards betterment of telecommunications in Myanmar, Ooredoo Myanmar has confirmed about expansion of its 4G network in Myanmar. The company has facilitated 4G coverage in 14 states besides the union territory, Nay Pyi Taw. In addition to its mega investment of over US$200 million, Ooredoo has again invested US $80 million to attain 10MHz spectrum, aimed at enhancing its network coverage. With this recent development, Ooredoo aims to strike new opportunities in the telecommunications market of Myanmar.
Additionally, to spearhead new innovations in telecommunications market of Myanmar, MyTel, Myanmar's fourth telecom operator confirmed about its investment of $1 billion to improve network services in 15 states of Myanmar. With this investment in place, the company aims to establish strong, expanded network services with prime focus on rural areas and suburbs. The venture is expected to instill new growth avenues in the telecommunications market of Myanmar.
Further, to implement novelties in Myanmar telecommunications market, Japanese telecom operator, KDDI Corporation has recently entered into a strategic partnership with Sumitomo Corporation and Myanmar Posts and Telecommunications (MPT) envisioning to improve telecommunications services in Myanmar. The company is offering its technical expertise to MPT employees via a training program. With enhanced knowledge about networking, these personnel are expected to leverage progressive strategies to improvise telecommunications market in Myanmar.
Mobile Data Denoted as the Fastest Growing Segment in Myanmar Telecommunications Market
Comprehensive research postulates compiled in the report brief readers about various factors that remain primary in the course of market growth. This section of the report presents an executive summary of market dynamics and market definition. Also, the report offers ample data pertaining to the influence of factors in carving growth in telecommunications market of Myanmar. With the aid of these insights encapsulated in the report, market players can identify the factor attributed for maximization of revenues in telecommunications market of Myanmar.
Besides enlisting significant factors that instill growth opportunities in telecommunications market of Myanmar, the report also highlights key findings on various strategies administered by market players in various regions of Myanmar, and their corresponding impact on end-user response.
Competition Matrix: Myanmar Telecommunications Market
Comprehensive research components collated in the report brief readers about the efficacies of market strategies employed by core companies to influence consumer response, preferences, and subsequent purchase decisions. New entrants as well as existing market players in Myanmar telecommunications market can facilitate in-depth analysis of these strategies to deduct core findings. These core findings enable market players to develop new perspectives that offer a framework for new investment decisions that garner profits and secure their lead in Myanmar telecommunications market. Key players identified in Myanmar telecommunications market include, MPT, Ooredoo, and Telenor.
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