Two tiered towerco market emerges in Myanmar
Imminent entry of fourth MNO will accelerate tenancy ratio growth
With the reduction in uncertainty in the Myanmar tower market comes a reduction in risk, and a commensurate increase in investibility. Towerco consolidation has only recently begun, but the structure of the Myanmar tower market is increasingly clear, and TowerXchange expect three towercos of scale to emerge. Likewise, the structure of the mobile market is becoming clear; MPT has stood its ground; Telenor has grabbed impressive market share; Ooredoo has continued to differentiate as a first mover in next generation technologies; and now Viettel has been selected as the joint venture partner for the fourth operator.
Estimates suggested 17,300 towers would be needed to achieve the Myanmar MCIT’s coverage targets by the end of 2017.