Tuesday
June 19
2018

Telenor bets on Asia’s bottom-of-the-pyramid market

By Marimi Kishimoto, Yuichi Nitta and Nikira Hayakawa

Norwegian wireless carrier Telenor is investing heavily in Myanmar, Bangladesh and Pakistan as part of its strategy to build a sizable presence in Asia’s developing markets.

In a town near the Chinese border in Myanmar’s Shan state, the Telenor logo can be seen on the storefronts of many cellphone retailers. A 34-year-old taxi driver says that Telenor is faster than the government-owned Myanma Posts and Telecommunications, the country’s largest carrier.

Telenor has built up a reputation in Myanmar as a cutting-edge company. It rolled out 4G service there half a year before Myanma Posts and was quick to provide electronic money services as well. In December, it said it would buy spectrum from the government for $80 million, part of a strategy to differentiate itself with fast speeds.

Photo courtesy of Ava Systems.

Source: Nikkei Asian Review (link opens in a new window)

Categories
Inclusive Fintech
Tags
emerging markets, fintech, mobile money, mobile technology, South Asia, Southeast Asia, telecommunications, Telenor