Saturday, May 9, 2015

Telenor share price at record


In Myanmar, one of the world’s poorest nations, Telenor made an unexpected operating profit and predicted rapid growth after starting operations just last year, suggesting the economy was more dynamic than anticipated.

"This is something that we haven’t seen before," Chief Executive Jon Fredrik Baksaas said. "The Myanmar economy has had more money in circulation than we had originally expected."

"We will now increase the speed of our roll-out and ramp up (capital expenditure)," Baksaas said.

It appears that Telenor underestimated the demand for mobile service in Myanmar. I am using Telenor as a relatively safe way to play the growth in Asia. Besides Myanmar, Telenor has operations in several more emerging Asian countries.

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