Telenor cautious about impact of new commercial tax

01 April 2016
Telenor cautious about impact of new commercial tax

Norwegian multinational Telenor is cautious about the impact of a new commercial tax planned by Myanmar on the country's millions of mobile users, according to a CNBC report on 1 April, quoting its chief executive SigveBrekke.
The country is launching a 5 percent tax for mobile usage effective today, a move that comes amid fierce competition in the growing telecommunication sector.
“We definitely told them [the government] to be careful about the tax,” Sigve Brekkewas quoted as saying in the report.
Proponents of the tax say it's needed as a source of revenue for the government to fund badly-needed infrastructure, but Mr Brekke hinted that it may also hit Telenor's user intake.