Some Regulatory Points of Attention for Telecom M&A and Contracting in Myanmar

In 2016, telecommunication sector attracted most foreign investment in Myanmar, according to MIC data, and this trend is expected to continue over the coming years. In this client briefing note, we explain ten tips for telecom contracting in Myanmar.

Highlights of this note

• Make it clear who is responsible to get the license in a JV
• When you buy or sell shares, get PTD approval first
• When you are changing the directors, get PTD approval first
• When you are increasing the capitals, get PTD approval first and mind the deadline
• When you are reducing the capitals, get PTD approval first
• PTD approval is required for import of telecommunications equipment (and sometimes export, too)
• Business in international gateway services? Watch out for shareholding and personnel restrictions
• New services? Tell PTD
• Yes, there are rules regulating anti-competitive conduct