Business Review

Our team maintained 900+ telecom towers in FY23/24. 2% of these towers are not accessible at the moment due to the conflict.
Their contribution is essential to connecting 501,500 people in Kayin, Mon and Tanintharyi.
The infrastructure we maintain is highly available: more than 99% of the time. This is a remarkable level of performance; our team had to operate carefully under extraordinarily challenging conditions.
The revenue from our BTS operations reached about MMK 2,000 million, a level similar to what we generated in FY22/23.

Key data
27%
27% of our income were generated by our BTS operations in FY23/24	Our teams include 100+ staff, based in different cities and regions.	900+ towers maintained.
+2%
We increased our income from our maintenance operations by 2% compared to FY22/23.	We operate in Kayin, Mon and Tanintharyi.	501,500 people connected.

Teamwork is essential to delivering our services on time, guaranteeing quality, and – most importantly – ensuring that everyone can get back home safely.
We continue to serve our long-term clients. Our collaboration is synergetic as we work very closely to assess continuously the situation to ensure the safety and security of our staff and contractors.
Last year, we unfortunately recorded a serious accident.

We maintain 4,050+ km of optical fibre in various cities across Myanmar for our affiliate Myanmar GT Broadband.
We served broadband internet service for 50,000+ clients in FY23/24, a 13% increase compared to FY22/23. Our clients are mostly located in Yangon, followed by Monywa, Lashio, Taunggyi and Mawlamyaing.
Our agreement with our upstream service provider guarantees us a bandwidth capacity of 70+ Gbps.
We recorded a 16% growth of households connected in FY23/24 compared to the previous year. However, due to the conflict, we noticed a contraction of 2.5% for the number of businesses that are using our services.
We recorded MMK 55 million of income from our fibre operations in FY23/24, down from MMK 636 million in FY22/23. This sharp decrease has been amplified by the ongoing conflict.

Key data
1%
1% of our income was generated by our fibre team in FY23/24	Our fiber installation teams include 35+ staff, based in different cities and regions.	4,050+ km of fibre installed and maintained for our affiliate.
-91%
Our income related to fibre contracted by 91% compared to FY22/23.	We operate in Mon, Shan, Sagaing and Yangon.	50,000+ clients use our broadband internet services: 42,000+ households and 8,000+ businesses.

TMH operates 1 site manufacturing prepaid top-up cards. We produce various types of cards for our client. Last year, our staff produced 7.7 million cards compared to 14.8 million in FY22/23.
Though the volume of cards manufactured decreased by 48% compared to last year, our income from our production lines reached MMK 700 million in FY23/24, a 27% contraction.
We rely on our network of 12 branches to distribute and supply top-up cards to 3,000+ resellers in two areas: in Yangon and in eastern and northern Shan State, which are currently impacted by the ongoing conflict. Our sales force covers 15 townships.
We ensure that our team and resellers comply with our client’s requirements and guidelines. Our client regularly audits the quality of our services.

Key data
10%
10% of our income was generated by the sales of top-up cards in FY23/24	Our teams include 75+ staff, based in two industrial sites	We manufactured and distributed 7.7 million cards
-27%
Our income related to top-up cards sales contracted by 27% compared to FY22/23	Factory located in Yadanapon Cyber City	We work with 3,000+ agents in Yangon and Shan State

Three years ago, TMH established a dedicated team to pursue new business opportunities related to energy and construction in Nay Pyi Taw.
The team has managed to build TMH’s reputation as a reliable service provider that can deliver projects on schedule and budget: we have won new projects and are expanding our footprint.
We partner with Chinese state-owned companies to identify and pursue business opportunities.
TMH strictly assess the risks associated with any new business opportunity to ensure that its profit margin will be sufficient, and to avoid committing to projects that could become a financial burden.
Our approach has proved to be successful: today, 62% of TMH’s income comes from this team’s efforts.

Key data
62%
62% of our income were generated by our New Business team in FY23/24	Our team includes six people based in Nay Pyi Taw	The team secured three new projects in FY23/24
+492%
Our income derived from our new business activities grew by 492% compared to FY22/23	We are discussing the development of a solar farm with our partners	Our hydropower project in Shan State is on hold for the time being