TOKYO/YANGON -- Wireless carrier KDDI and trading house Sumitomo Corp. have set up a joint venture to enter Myanmar's nascent mobile communications market.
The Japanese companies announced July 16 plans to invest some 200 billion yen ($1.97 billion) and work with Myanmar Posts and Telecommunications to offer wireless services in the country. KDDI and Sumitomo hope to repeat their success in Mongolia, where they corralled the largest share of a growing mobile market.
