Singapore Telecommunications Ltd. (Z74.SG) is partnering the Al Noor Group to distribute satellite-based technology and services in Myanmar, the Singapore government said.
Under the pact, Singapore-based Al Noor--one of the largest importers of mobile phones in Myanmar--will help SingTel sell satellite phones, broadband internet and broadcasting services in Myanmar, the city-state's trade-promotion agency, International Enterprise Singapore, said in a statement.
SingTel and Al Noor officials signed the deal this week in Yangon, during a visit as part of a Singapore government-led business delegation.
SingTel, Southeast Asia's largest telecommunications firm by revenue, is currently vying for a telecommunications license in Myanmar, which began a process this year to issue two permits as part of efforts to liberalize the tightly controlled sector.
(Source: Dow Jones)