6.55 (0.33%) Telecommunications carrier Bharti Airtel has reportedly submitted its final bid for a telecom licence in Myanmar. Myanmar, one of the world’s last major untapped mobile markets, has called bids for two mobile licences and short-listed 12 international consortia.
Earlier in April, Myanmar authorities cleared Bharti Airtel’s application for acquiring a telecom licence in that country and the selection committee invited Airtel and 11 other international operators to participate in the third and final stage of the licence award process.
However, Vodafone and China Mobile, which were among the other 11 to reach the short-list, last week pulled out of the race saying the conditions set by the country was not suitable for these two operators.