Japan's KDDI, Sumitomo eye US$2bil Myanmar telecom deal


TOKYO: Japanese mobile carrier KDDI said Thursday that it planned to link up with trading house Sumitomo in a deal to invest about US$2bil (RM6.36bil) in developing wireless networks in Myanmar, as the country opens up after years of military rule. 

The move will see the Japanese giants pair up for a joint venture with state-owned Myanmar Posts & Telecommunications (MPT). 

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

OpenAI sued for allegedly enabling murder-suicide
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
Amazon plans new one-hour pickup service in stores, Business Insider reports
NAACP pressing for ‘equity-first’ AI standards in medicine
Microsoft fights $2.8 billion UK lawsuit over cloud computing licences
Disney to invest $1 billion in OpenAI, license characters for Sora video tool
Exclusive-AI software startup Harness valued at $5.5 billion in latest financing round
'Clair Obscur': French hit with chance to sweep Game Awards
US phone imports from Samsung hub Vietnam hit lowest level since 2020
Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries

Others Also Read