Southeast Asia
Linklaters Singapore partner Stuart Bedford and London partner Savi Hebbur and Allens Melbourne partner Niranjan Arasaratnam are advising Japanese telecom operator KDDI Corp. and trading house Sumitomo Group on a $2 billion investment in Myanmar’s telecommunication sector. The consortium will work with state-owned Myanmar Posts & Telecommunications to build and operate a 3G mobile network over the next 10 years. Both companies look to take advantage of Myanmar’s fast-growing telecom market. According to The Wall Street Journal, Myanmar has only 6 million mobile phone users now, but the government is seeking to increase the number to 52 million in the next two years. Squire Patton Boggs Washington, D.C., partner Jonathan Nadler is acting for Myanmar Posts & Telecommunications. [Read full story]
