Page 52 - Annual Report 2015 - Mono Technology Public Company Limited

in Vietnam. In 2015, the population of Vietnam is approximately 93 million people while the number of mobile users is over 127 million numbers.
Currently, there are stable growth of video on demand service of movies and series content in Vietnam. Hence, the Company took this opportunity to expand this service. After having experienced in providing video portal and music portal services under the name mCine and mMusic for Mobifone, Vinaphone relies on Mono Vietnam to provide service for video content product under the name TG Phim. The Company considered this as a great opportunity to capture a number of customer base.
China
The Company implemented a joint venture agreement and signed a contract which is a co-investment between Mono Technology Hong Kong Limited, which is the Company’s subsidiary, and Yunnan Mono Technology Co., Ltd (Joint Venture Partner). Mono Hong Kong holds 42 percent shares and asked for permission to establish a new joint venture under the name Yunnan Mono Digital Co., Ltd. to operate businesses concerning production and information service. The registration is initially accepted from Yunnan, Republic of China official and is on the process of structuring the management operations. However, Mono Yunnan Digital has prepared the office and staffing in order to start the business as planned. Successful contents including information, variety and entertainment from Thailand and Mono Group copyright contents are also improved and adjusted in form and language in order to present them in China.
Myanmar
The Republic of the Union of Myanmar or Burma, is currently occupied by 53 million people. It is expected that the number might rise up to 70 million people once calculating non-registered citizen. After Myanmar opened the country, foreign investors are welcomed to develop basic infrastructure and economic situation. Telecommunication industry in Myanmar is fascinating as there were only 2 mobile operators, Myanmar Post Telecom (MPT) and MecTel, which were operated by the government and the army. In the mid of 2014 (before the auction for telecommunication licenses), there were only 7 million mobile numbers or 10 percent of the population. After the government started the auction for telecommunication business licenses, there are 2 winners which are Telenor from Norway and Ooredoo from Qatar.
The entries of the 2 service providers promote free market competition. A sim card which costs up to 5,000 US Dollar is now available for only 1.5 US dollar. It is expected that in 2015, the number of mobile user would rise to 20 million or 30 percent of the population. The Company considered this situation as an opportunity to run business as a content provider. We started off by studying the business, evaluating investment probability and creating a relationship and being business partner with Telenor Myanmar. We currently provides SMS services such as news report, horoscope, sports and lifestyle, as well as offers visual and audio downloading services of songs, videos and etc. Mono Technology PCL. provides contents produced in Thailand and finds contents that are favorable to Burmese. In the future, if the number of mobile and internet users continues to rise, content service provider business in Myanmar will also grow accordingly.
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Mono Technology Public Company Limited