Amara & MTN to invest USD 1.5 billion for operator Mizzima News:Yangon Amara Communications Ltd and Africa-based MTN Telecommunication Company will cooperate together and invest USD 1.5 billion if they win the bid for two places of mobile operator launched by Myanmar Post and Telecommunication, said Daw Aye Mya Mya Kyi, General Manager of Amara Communications Ltd. "The investment will be made during the long term period: 10-year or 15-year period. The investment proportion of our two companies will be realized after winning the tender," she said. At present, altogether 12 companies are included in the tender list and the participants will have to submit the final proposal as of 3rd June for the third and the final stage of selection. Myanmar Communication Scrutiny Board pressed that the two winning companies will be announced on 27 th June. As the Telecommunications Bill of Myanmar is not still promulgated, Ministries are collaboratively carrying tasks based on the existing one, said Mr. Serame Taukoboung. He added, "We will abide by the rules and laws of the country while paying respect to Human Rights according to the law. We also follow the International Law while abiding local law of a particular country. We are a business-based company. There is nothing to do with Chrony." Daw Aye Mya Mya Kyi explained that as there is no telecommunication law in Myanmar, both local and foreign telecommunication operators have to refer to the existing laws. As the two winning companies can operate the telecommunication work nationwide, Amara aims to provide sim card to the public free of charge. MTN Telecommunication company is now operating in 22 countries in South Africa and Middle East, providing services to 195 million people.