{"id":5466,"date":"2024-04-11T07:53:35","date_gmt":"2024-04-11T07:53:35","guid":{"rendered":"https:\/\/www.mtnewstoday.com\/en\/?p=5466"},"modified":"2024-04-11T07:53:37","modified_gmt":"2024-04-11T07:53:37","slug":"kddi-sumitomo-corporation-partnering-with-mpt-announces-a-failure-in-the-myanmar-communications-industry","status":"publish","type":"post","link":"https:\/\/www.mtnewstoday.com\/en\/?p=5466","title":{"rendered":"KDDI, Sumitomo Corporation, partnering with MPT, announces a failure in the Myanmar Communications Industry"},"content":{"rendered":"\n<p>11 April 2024<\/p>\n\n\n\n<p>On Wednesday, KDDI, a Japanese communications operator, announced that it had failed in its activities related to The Myanmar Communications Industry (MPT), a unit of the Myanmar government.<br>The KDDI lost 45 billion yen in real terms, although its net profit forecast for the 2023\u20132024 fiscal year ended in March. The company&#8217;s profits were projected to increase slightly, but it was also known that it had fallen by 6 percent over the previous year.<\/p>\n\n\n\n<p>KDDI Summit Global Myanmar, a joint venture between KDDI and Japanese trading conglomerate Sumitomo Corporation, has been involved in Myanmar&#8217;s telecommunications industry through a cooperation agreement with MPT&#8217;s mobile communications business since 2014.<\/p>\n\n\n\n<p>According to KDDI and Sumitomo Corporation, the dollar exchange regulations imposed by the Myanmar government in April 2022 have delayed dollar-based lending operations and caused a deficit to continue operating telecommunications operations.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11-1024x575.jpg\" alt=\"\" class=\"wp-image-5467\" srcset=\"https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11-1024x575.jpg 1024w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11-300x169.jpg 300w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11-768x431.jpg 768w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11-18x10.jpg 18w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2024\/04\/photo_2024-04-11_14-13-11.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>11 April 2024 On Wednesday, KDDI, a Japanese communications operator, announced that it had failed in its activities<\/p>\n","protected":false},"author":4,"featured_media":5467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic"],"_links":{"self":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/5466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5466"}],"version-history":[{"count":1,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/5466\/revisions"}],"predecessor-version":[{"id":5468,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/5466\/revisions\/5468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/media\/5467"}],"wp:attachment":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}