NEC establishes branch office in Myanmar
Date: Jan 02, 2013
Categories: Technology & Operations
Tokyo, December 25th 2012 - NEC Corporation announced today the establishment of a branch office in Yangon, Myanmar, aiming to develop the country’s information and communications technology (ICT) and social infrastructure. The new office is scheduled to begin operations in January 2013.
Recently, Myanmar’s unique geography, abundance of natural resources and movement towards democracy are attracting the attention of businesses throughout the world. In order to support the rapid economic growth that is expected in the future, the country is deeply in need of infrastructure improvement, where reports indicate that just 3% of the nation’s roughly 62 million people subscribe to fixed or mobile telephone lines. By 2015, the government aims to increase this figure to as high as 50%, which is also expected to drive improvements in the banking and IT systems.
Re-disseminated by The Asian Banker