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Four countries to invest in Myanmar cyber city project

Thursday, 13 September 2007


YANGON, Sept. 12 (Xinhua): Some companies from Thailand, China, Malaysia and Russia will invest in Myanmar's first prospective cyber city of Yadanabon in the early phase of its development, local media reported today.
These companies are Shin Satellite (Thailand), ZTE and Alcatel Shanghai Bell (ASB) ( China), IP Tel Sdn. Bhd. (Malaysia) and CBOSS (Russia), the local 7- Day News quoted an official responsible for the construction of the cyber city as saying.
The Yadanabon Cyber City, Myanmar's new emerging largest information and communication technology (ICT) park, is nearing completion and two phases have been set for the opening of the cyber city.
The factories from these foreign companies will be cornerstoned together with the soft opening of the cyber city in the end of this month as the first phase, while the full inauguration will follow in next January as the second phase along with the introduction of an ICT Week activities and the opening of a National Land Mark near the cyber city.