Telecoms: Not For The Faint Hearted

BMI View: Years of isolation have had a detrimental effect on Myanmar's telecoms industry with a lack of investment and failure to keep pace with technological developments, which have caused the country to significantly lag behind regional peers such as Bangladesh, Thailand, Vietnam and Cambodia. A positive outcome following the by-elections in April 2012 could pave the way for liberalisation of the telecoms sector, thereby allowing investors to participate in the largely untapped growth opportunities. However, we foresee significant risks such as bureaucratic red tape, weak regulatory framework and a prolonged period of low profitability.

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