To ensure fair bidding, a Simultaneous Multi-Rounds Auction (SMRA) was exercised. The auctions were held 32 times on October 17, 18 and 19 at the Hotel Royal ACE. Nine out of 20 companies were shortlisted for the auctions.
Auction areas were divided into three geographical sections — Area 1 includes Nay Pyi Taw, Magwe, Bago, Mon, Kayin and Tanintharyi, with the minimum bid of $3 million.
Area 2 includes Yangon, Ayeyawady and Rakhine, with a bottom bid of $7 million. Area 3 consists of Mandalay, Sagaing, Chin, Shan, Kachin and Kayah, and its bottom price is $5 million.
Successful companies in area 1 are Fortune International, which bid up to $7.3 million and Global Technology, which also bid $7.3million.
In area 2 were Amara Communications Co and Yatanapon Teleport Public Co, bidding $95.82 million and $83.44 million, respectively. In area 3 were Yatanapon Teleport Public Co and Amara, bidding $27.24 million and 24.55 million, respectively.
Amara Communications in auctions of area 2 and 3 is to pay over $120 million to the State as the license fee, standing in first place out of all successful companies.
“Besides paying the license fees, the company will invest much more by installing high-quality equipment to provide LTD-4G internet line to the public” said Daw Aye Mya Mya Kyi, CEO of Amara Communications. “And we will create more job opportunities for youths.”