China Mobile and Vodafone team up for Myanmar license
LONDON (Reuters) - China Mobile (0941.HK: Quote) and Vodafone (VOD.L: Quote), the world's largest and second largest mobile operators, have joined forces to apply for a license to roll out a network in Myanmar.
Vodafone said the two groups had agreed to form a consortium to bid for a license in the former Burma, where the government is seeking to increase the number of mobile operators from two to four.
"With a comparatively young and highly literate population of around 60 million, a GDP growth rate of 5.5 percent per annum and mobile phone penetration currently below 10 percent - significantly lower than in many other emerging economies - Myanmar will be an important new market for the global mobile industry," Vodafone said.
(Reporting by Kate Holton)
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