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Telenor, Ooredoo win Myanmar nod

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Norway's Telenor ASA and Qatar's Ooredoo won licences to expand telecommunications in Myanmar, one of the world's last remaining untapped markets where only about one in 10 people has a mobile phone. 

Two of the one-in-10 Myanmar people who own a mobile phone. Myanmar has awarded telecom licences to Norway's Telenor and Qatari firm Ooredoo, the government committee in charge of the bids said, opening up one of the world's last virtually untapped mobile phone markets. (AFP photo)

France's Telecom SA-Marubeni Corp group was named as a backup in case one of the winners doesn't fulfill the tender requirements. There were 11 groups in the final round including Singapore Telecommunications Ltd (SingTel), billionaire George Soros and Bharti Airtel Ltd. Ooredoo was formerly known as Qatar Telecom.

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