YANGON, April 26 (Xinhua) -- Myanmar authorities issued a total of 123 licenses for telecommunication services to local and foreign companies in the past two years since 2015, official media reported Wednesday.
Such service licenses permitted by the Post and Telecommunication Department since the country started to reform the sector, include those for nationwide telecommunication, network facilities and application services to 85 local companies and 38 foreign companies.
At present, the three existing operators providing services in the country are Norway-based Telenor, Qatar-based Ooredoo and government-owned Myanmar Post and Telecommunications (MPT).
The department has planned to issue more licenses to both local and foreign firms.
According to official statistics, foreign investments were mostly injected into the transport and communication sector with 3.08 billion U.S. dollars in the past 2016-2017 fiscal year.
A total of 8.154 billion U.S. dollars of foreign investments entered into the telecommunication sector from late 1988 to March this year.
