Monday, December 31, 2012
Nippon Electric Company (NEC) will open branch offices in Myanmar early next year, according to news agencies.
NEC’s first branch office will be in Yangon and later in Nay Pyi Taw.
The company’s main focus is to provide to information technology infrastructure to Myanmar business firms as well as to lay undersea cables for telecommunications development.
The company expects that the Myanmar telecom market will be growing fast in the near future.
According to the plan of Myanmar Post and Telecommunications, 45 million people will have mobile phone connection by 2015.
Japanese telecommunications companies, KDDI Corp. and NTT Data Corp. entered the Myanmar telecommunication industry this month and will open their branch offices next month as well.
Most of the Japanese investments are interested in the country’s manufacturing and infrastructure sectors.
NEC is one of the oldest technology companies in Japan and founded in 1899.
Source: Eleven Weekly Media
Posted in: companies,investment,markets,reports
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