SingTel snubbed in Myanmar telco license awarding

And why it's not so devastating.

SingTel was not among one of the two winners awarded the 15-year telecommunications licences in Myanmar despite being touted as one of the front-runners, according to OCBC Investment Research, but it will not have "any lasting impact as there will be other opportunities for SingTel to get involved at a later stage."

The research firm also echoed some market sentiment that those awarded the maiden licences -- Norway’s Telenor and Qatar’s Ooredoo (formerly known as Qatar Telecom -- may face a lot of challenges in getting the infrastructure in place.

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