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{{refimprove|date=May 2016}} {{more citations needed|date=May 2016}}
{{Infobox company {{Infobox company
| name = Ooredoo Myanmar | name = Ooredoo Myanmar
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== History == == History ==
In June 2013, Ooredoo was chosen as one of the two successful applicants among 90 bidders to be awarded a license to operate in Myanmar, considered one of the Asia’s last remaining greenfield telecom markets.<ref>{{cite web|url=https://www.bbc.co.uk/news/world-asia-23078620 |title=Burma awards lucrative mobile phone contracts - BBC News |publisher=Bbc.co.uk |date= |accessdate=2016-05-03}}</ref> Formal licenses were granted in January 2014, and Ooredoo pledged an investment of $15 billion to develop Myanmar’s telecoms sector, with plans to cover 75 per cent of the population in five years.<ref>{{cite web |last=Business |first=Gulf |url=http://gulfbusiness.com/articles/insights/interviews/exclusive-ooredoo-ceo-dr-nasser-marafih-on-rebranding-taxes-and-2022-world-cup/ |title=Exclusive: Ooredoo CEO Dr.Nasser Marafih On Rebranding, Taxes And 2022 World Cup |publisher=Gulf Business |date=2014-08-03 |accessdate=2016-05-03 |archive-url=https://web.archive.org/web/20160310234231/http://www.gulfbusiness.com/articles/insights/interviews/exclusive-ooredoo-ceo-dr-nasser-marafih-on-rebranding-taxes-and-2022-world-cup/ |archive-date=2016-03-10 |url-status=dead }}</ref> In June 2013, Ooredoo was chosen as one of the two successful applicants among 90 bidders to be awarded a license to operate in Myanmar, considered one of the Asia’s last remaining greenfield telecom markets.<ref>{{cite web|url=https://www.bbc.co.uk/news/world-asia-23078620 |title=Burma awards lucrative mobile phone contracts - BBC News |publisher=Bbc.co.uk |date= |accessdate=2016-05-03}}</ref> Formal licenses were granted in January 2014, and Ooredoo pledged an investment of $15 billion to develop Myanmar’s telecoms sector, with plans to cover 75 per cent of the population in five years.<ref>{{cite web |last=Business |first=Gulf |url=http://gulfbusiness.com/articles/insights/interviews/exclusive-ooredoo-ceo-dr-nasser-marafih-on-rebranding-taxes-and-2022-world-cup/ |title=Exclusive: Ooredoo CEO Dr.Nasser Marafih On Rebranding, Taxes And 2022 World Cup |publisher=Gulf Business |date=2014-08-03 |accessdate=2016-05-03 |archive-url=https://web.archive.org/web/20160310234231/http://www.gulfbusiness.com/articles/insights/interviews/exclusive-ooredoo-ceo-dr-nasser-marafih-on-rebranding-taxes-and-2022-world-cup/ |archive-date=2016-03-10 |url-status=dead }}</ref>


Following the ], many foreign companies exited the Burmese market, including Norwegian-owned ], due to increasing pressure from military authorities.<ref>{{Cite news |last=Potkin |first=Fanny |last2=Aung |first2=Thu Thu |date=2022-09-05 |title=EXCLUSIVE Qatar's Ooredoo to sell Myanmar unit to Singapore firm-sources |language=en |work=Reuters |url=https://www.reuters.com/business/media-telecom/exclusive-qatars-ooredoo-sell-myanmar-unit-singapore-firm-sources-2022-09-05/ |access-date=2022-09-21}}</ref> On 7 September 2022, Ooredoo signed an agreement to sell Ooreedoo Myanmar to Singapore vehicle Nine Communications Pte. Ltd, at a value of $576 million USD, subject to Burmese regulatory approvals.<ref>{{Cite news |last=Reuters |date=2022-09-08 |title=Qatar's Ooredoo sells Myanmar unit for $576 million |language=en |work=Reuters |url=https://www.reuters.com/world/middle-east/qatars-ooredoo-sells-myanmar-unit-576-million-2022-09-08/ |access-date=2022-09-21}}</ref> Nine Communications is the subsidiary of zLink Family Office and Nyan Win, which have close ties to the Burmese military officials like ].<ref>{{Cite web |last=Irrawaddy |first=The |date=2022-09-12 |title=Military Crony Linked to New Ownership of Ooredoo’s Myanmar Unit |url=https://www.irrawaddy.com/news/burma/military-crony-linked-to-new-ownership-of-ooredoos-myanmar-unit.html |access-date=2022-09-21 |website=The Irrawaddy |language=en-US}}</ref> Following the ], many foreign companies exited the Burmese market, including Norwegian-owned ], due to increasing pressure from military authorities.<ref>{{Cite news |last=Potkin |first=Fanny |last2=Aung |first2=Thu Thu |date=2022-09-05 |title=EXCLUSIVE Qatar's Ooredoo to sell Myanmar unit to Singapore firm-sources |language=en |work=Reuters |url=https://www.reuters.com/business/media-telecom/exclusive-qatars-ooredoo-sell-myanmar-unit-singapore-firm-sources-2022-09-05/ |access-date=2022-09-21}}</ref> On 7 September 2022, Ooredoo signed an agreement to sell Ooreedoo Myanmar to Singapore vehicle Nine Communications Pte. Ltd, at a value of $576 million USD, subject to Burmese regulatory approvals.<ref>{{Cite news |date=2022-09-08 |title=Qatar's Ooredoo sells Myanmar unit for $576 million |language=en |work=Reuters |url=https://www.reuters.com/world/middle-east/qatars-ooredoo-sells-myanmar-unit-576-million-2022-09-08/ |access-date=2022-09-21}}</ref> Nine Communications is the subsidiary of zLink Family Office and Nyan Win, which have close ties to the Burmese military officials like ].<ref>{{Cite web |last=Irrawaddy |first=The |date=2022-09-12 |title=Military Crony Linked to New Ownership of Ooredoo’s Myanmar Unit |url=https://www.irrawaddy.com/news/burma/military-crony-linked-to-new-ownership-of-ooredoos-myanmar-unit.html |access-date=2022-09-21 |website=The Irrawaddy |language=en-US}}</ref>


Ooredoo Myanmar's current CEO is Rajeev Sethi<ref>{{Cite web|url=https://telecomdrive.com/ooredoo-appoints-rajeev-sethi-as-new-ceo-for-ooredoo-myanmar/|title=Ooredoo Appoints Rajeev Sethi as new CEO for Ooredoo Myanmar|last=Bureau|first=Telecomdrive|date=2019-05-28|website=Telecom Drive|language=en-US|access-date=2019-06-17}}</ref> who has 25 years of experience and 15 years of which are in the telco industry. Ooredoo Myanmar's current CEO is Rajeev Sethi<ref>{{Cite web|url=https://telecomdrive.com/ooredoo-appoints-rajeev-sethi-as-new-ceo-for-ooredoo-myanmar/|title=Ooredoo Appoints Rajeev Sethi as new CEO for Ooredoo Myanmar|last=Bureau|first=Telecomdrive|date=2019-05-28|website=Telecom Drive|language=en-US|access-date=2019-06-17}}</ref> who has 25 years of experience and 15 years of which are in the telco industry.


==See also== ==See also==

Revision as of 08:13, 17 January 2023

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Ooredoo Myanmar
IndustryTelecommunications
Founded2013; 12 years ago (2013)
HeadquartersYangon, Myanmar
ParentNine communications pvt ltd.
Websitewww.ooredoo.com.mm

Ooredoo Myanmar is a telecommunications company in Myanmar.

History

In June 2013, Ooredoo was chosen as one of the two successful applicants among 90 bidders to be awarded a license to operate in Myanmar, considered one of the Asia’s last remaining greenfield telecom markets. Formal licenses were granted in January 2014, and Ooredoo pledged an investment of $15 billion to develop Myanmar’s telecoms sector, with plans to cover 75 per cent of the population in five years.

Following the 2021 Myanmar coup d'etat, many foreign companies exited the Burmese market, including Norwegian-owned Telenor Myanmar, due to increasing pressure from military authorities. On 7 September 2022, Ooredoo signed an agreement to sell Ooreedoo Myanmar to Singapore vehicle Nine Communications Pte. Ltd, at a value of $576 million USD, subject to Burmese regulatory approvals. Nine Communications is the subsidiary of zLink Family Office and Nyan Win, which have close ties to the Burmese military officials like Soe Maung.

Ooredoo Myanmar's current CEO is Rajeev Sethi who has 25 years of experience and 15 years of which are in the telco industry.

See also

References

  1. "Burma awards lucrative mobile phone contracts - BBC News". Bbc.co.uk. Retrieved 2016-05-03.
  2. Business, Gulf (2014-08-03). "Exclusive: Ooredoo CEO Dr.Nasser Marafih On Rebranding, Taxes And 2022 World Cup". Gulf Business. Archived from the original on 2016-03-10. Retrieved 2016-05-03. {{cite web}}: |last= has generic name (help)
  3. Potkin, Fanny; Aung, Thu Thu (2022-09-05). "EXCLUSIVE Qatar's Ooredoo to sell Myanmar unit to Singapore firm-sources". Reuters. Retrieved 2022-09-21.
  4. "Qatar's Ooredoo sells Myanmar unit for $576 million". Reuters. 2022-09-08. Retrieved 2022-09-21.
  5. Irrawaddy, The (2022-09-12). "Military Crony Linked to New Ownership of Ooredoo's Myanmar Unit". The Irrawaddy. Retrieved 2022-09-21.
  6. Bureau, Telecomdrive (2019-05-28). "Ooredoo Appoints Rajeev Sethi as new CEO for Ooredoo Myanmar". Telecom Drive. Retrieved 2019-06-17. {{cite web}}: |last= has generic name (help)

External links

Ooredoo
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