Google's Eric Schmidt wants in on the ground floor in Myanmar

Google's Eric Schmidt wants in on the ground floor in Myanmar
There are "emerging markets" and then there are "non-existent markets". Only the first category is useful to companies looking to expand, but until very recently Myanmar was in the second category. However, a relaxation of sanctions by Western countries has opened up Myanmar to business, and Google's Eric Schmidt wants to get in on the ground floor.

Myanmar has been a military dictatorship for decades, but in 2011 reforms began that removed the military rule and installed a "quasi-civilian government". A series of political and economic reforms have made Myanmar much more attractive to business. So, next week Google's Eric Schmidt will be traveling to the country to give a talk at a technology and communications park and meet with government officials. 

Myanmar is planning to modernize its telecoms infrastructure partially by giving two operating licenses for companies to build new telecoms infrastructure. Once that is complete, it should be ready for companies like Google to move in and get smartphones into the hands of the people.

source: Reuters

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12 Comments

1. nobelset

Posts: 270; Member since: Oct 17, 2012

Wish they set up Google fiber here, then they could brag their Internet is 1000 times faster, not 100 times like in Kansas. The state run telecom is selfish, they sell SIM cards for around $250 and a 2mbps adsl costs over $150 per month.

4. itiswhatitis

Posts: 423; Member since: Jan 23, 2012

SIM card for around $250? Wow,seems like the government really wanna encourage people to use cell phones

9. nobelset

Posts: 270; Member since: Oct 17, 2012

Yea, but recent reforms led by the new president have been very relieving and he requested the cards to be dropped to around 5 dollars. Woww, what a difference right

8. riggsy

Posts: 25; Member since: Apr 16, 2012

Actually the google fiber is in Kansas City, Missouri

11. nobelset

Posts: 270; Member since: Oct 17, 2012

Sorry, thanks for correcting me.

12. YaukYauk1

Posts: 1; Member since: Apr 19, 2014

Google fiber will be so freaking popular here. I'm paying 180$ a month for a crappy internet speed of 375 KBps. I'd buy google fiber for even 200$ a month. The internet speed here is just stupid.

2. avin007

Posts: 139; Member since: Feb 28, 2013

Google wants to rule the world!!!

3. Aeires unregistered

So does Apple. So does Microsoft. So does "insert company name here." Most companies, anyway.

5. papss unregistered

I couldn't agree more..

6. Blazers

Posts: 739; Member since: Dec 05, 2011

The cheapest labor they can in the world, plus ad revenue. Steve Jobs ghost must be screaming at the Apple board members "why didn't you think of this first?!?"

10. nobelset

Posts: 270; Member since: Oct 17, 2012

A lot of people here have salaries that makes an average of $100 or less per month. I would beg Google to make jobs here LOL

7. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Money money money...MONEY!!!!

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