Telenor will invest less than $2 billion in building its telecoms operation in Myanmar.
“It is going to be less than what we invested in total in Pakistan. Some (analysts) have used Pakistan as a benchmark and implied that it could be as much as what we invested in Pakistan, but it will not be,” Telenor Myanmar CEO Jon Fredrik Baksaas told Reuters.
Meanwhile, Ericsson, Huawei and Wipro are likely to work with Telenor for rolling mobile services in Myanmar. Norwegian telecom giant Telenor confirmed that the company has signed memorandums of understanding with China’s equipment maker Huawei, Ericsson of Sweden and India’s Wipro to work in Myanmar to develop a mobile phone network.