License expected to be awarded in June.
The world’s two biggest telcos, Vodafone and China Mobile, have put together a consortium bid for mobile licenses in Burma, BBC has reported.
The license, which would be to operate a nationwide network for 15 years, is expected to be awarded in June of this year.
While Burma has been at pains to repair its fractured economy, mobile phones are still far too expensive for the average citizen.
Mobile penetration in Burma, which has a population of over 60 million, is currently at a paltry ten per cent.
However, the Burmese government has said that it is aiming to boost its penetration to 80 per cent by 2016.
With this in mind, a raft of companies are now hoping to capitalise on this newly-opened market.
"Myanmar will be an important new market for the global mobile industry," Vodafone and China Mobile said in their statement.
Meanwhile, a separate consortium has also expressed an interest. Billionaire George Soros' Quantum Strategic Partner has teamed up with Digicel and Serge Pun, a businessman in Burma, to bid for licences as well, they revealed in a statement.
Singapore's SingTel, Qatar Telecom and Norway's Telenor are also among those bidding for licenses.