Microsoft enters Myanmar market

Yangon, June 9 (IANS) Software giant Microsoft has officially announced its entry in Myanmar, partnering with Myanmar Information Technology Pte Ltd., state media reported Sunday.

Microsoft, the world's largest software maker, made the announcement of its latest business expansion during the World Economic Forum on East Asia hosted by Myanmar June 5-7, Xinhua said.

The software firm said it would help improve the economic performance of Myanmar, believing that technology will be a vital part of the country's future growth.

The Myanmar government has invited bids from telecom companies for two nationwide telecom service licenses due to be awarded soon.

The government said it will encourage competition from both local and international operators.

Myanmar is expected to increase its tele-density to between 75 and 80 percent in 2015-16 to make the telecom services available to the public at affordable prices.