Myanmar’s MTG DC to invest US$24 million in telecom tower business

Mon Jan 8, 2018 - 2:40pm UTC
Myanmar’s MTG DC to invest US$24 million in telecom tower business


8/1/2018 – Telecom service player MTG DC Co Ltd is planning to invest about US$24 million over the next year and a half in building the tower infrastructures in Myanmar.

Its top customer will be the new telecom operator, Viettel-backed Myanmar National Tele & Communications Ltd (MNTC), which is the company behind the brand – “Mytel”.

Besides, Myanmar Technology Gateway (MTG) will also be investing US$12 million in the first phase of the project, that involves the setting up of 250 towers by March 2018.

“We aim to start in Nay Pyi Taw and Shan State then continue with other regions,” explained the business development manager of MTG, Min Nyi Soe.

But apart from its telecom services, MTG is also currently partnered with Malaysia’s Numix Engineering to develop a satellite teleport in Nay Pyi Taw.

MTG previously received its Network Facilities Service (Individual) license in 2015 to provide satellite earth station facilities and internet services.

The company hopes to complete the installation work of their satellite infrastructure by next month in order to be able to sell the service of high speed VSAT broadband and GSM backhaul by March 2018.

MTG has previously handled telecom tower development work as a subcontractor and is now looking to set them up on its own, providing co-locations.

Outside tower construction and satellite teleport development, MTG is also building a 20 to 25-rack data center in Nay Pyi Taw. However, the data centre development is currently on hold due to its focus on telecom tower business.

Some of the major players in the tower construction in Myanmar include Malaysia’s OCK Group, which announced plans to invest $243 million in 2016, edotco and Apollo Towers.

This news is published on Reuters.

Vivian Foo is a reporter who writes about Southeast Asia’s technology and startup space. The entry point which led her to write about the startup ecosystem was her fascination of the dot-com boom. She is taking a deep dive into how the entrepreneurial mindset works and hopes to share the insights, innovation, and stories of the startups with her readers.