"NTT Myanmar is officially in business following a multimillion-dollar capital investment, a new wholesale government licence and the opening of an office in Yangon. Operating as an affiliate company of NTT, the technology provider has secured a business-to-business wholesale licence from The Ministry of Commerce to offer technology solutions and managed services to enterprise clients following a capital investment of US$5 million. This is backed by an investment of US$400 million - revealed in December 2019 - to commence the construction of a ‘MIST’ large-capacity submarine communications cable between Singapore, Myanmar and India (Mumbai and Chennai). The construction is part of a strategic joint venture for international submarine cables in Southeast Asia, with Orient Link, to improve data speed and reduce latency..."