MIH (Myanmar Information Highway) expects to achieve double digit growth this financial year, thanks to the growing demand for high-speed fiber optic broadband services in Myanmar. MIH, a joint venture between Benchachinda Group and local companies, provides broadband Internet services in the country.
MIH has plans to serve 2,000 corporate clients in Yangon by the end of 2019. The service provider currently serves less than 1,000 businesses and the monthly revenue is below US$ 100,000. The provider focus on Business to Business (B2B) operations. MIH targets business client in Myanmar who are willing to substantially improve their performance with the help of technology.
The income from corporate clients mainly drives MIH’s revenue, though small and medium enterprises account for around 30 per cent of its client base. Before expanding the services to other cities, MIH would expand its network coverage in Yangon. The company has plans to cover 80 per cent of Myanmar’s commercial hub by March 2019.
MIH has covered 23 townships in Yangon including the central business district areas. MIH will focus on industrial zones to better serve its corporate clients in 2019 and from 2020 onwards, the company aims to expand its services to other cities including Mandalay and Nay Pyi Taw.
Currently, the banks, financial institutes, wholesalers and some ISPs are using MIH service. MIH has own cloud that can bring high standard cloud services to its clients.
The Benchachinda Group started investing in MIH and bringing in the expertise of its subsidiary, United Information Highway. Utilising advanced optical fibre technology, MIH offers a stable and high capacity broadband platform in Myanmar. Currently, Benchachinda Group holds around 70 per cent stake in the firm.
MIH offers premium data services to businesses via a stable and advanced optical fibre technology, up to 10 gigabytes per second. For IP VPN service, MIH provides a virtual private network to business customers who need private and secured services as well as round-the-clock data centre solutions where the customers choose the environment they need – servers, databases, storage, Internet connection, bandwidth and rack space. MIH’s network is able to connect with the global network via Point of Presence in Singapore, Hong Kong and Thailand.
Last year, MIH secured approval from the Yangon City Development Committee to lay down fibre-optic netฌwork across townships in the city. On October 12, 2018, the firm rolled out Myanmar’s first hybrid Cloud service (MIH CloudShare) for enterprises.