Mongolian Economy and Finance

Fixed line incumbent Telecom Mongolia is looking into entering the domestic wireless market by deploying a 4G Long Term Evolution (LTE) network in the country.

The Directors` Board of Mobicom Corporation, the first mobile phone operator in Mongolia, reached the decision to appoint David Holliday as CEO of the corporation.

Ulaanbaatar /MONTSAME/ The cabinet Friday discussed a cooperation memorandum to be established between Mongolia’s government and the South Korean Korea Telecom Corporation (KTC).

China Telecom on Wendesday announced the opening of a cloud computing datacentre in Inner Mongolia, close to Beijing, as part of a 17.5bn yuan (£1.8bn) investment in the technology.

ZTE , the world’s fifth-largest telecommunications equipment maker by shipments, is facing a corruption probe in Mongolia, adding to the Chinese company’s difficulties as it tries to fend off western suspicions about its government connections.

The system where subscribers must pay for a full minute call, even when the call lasts only ten seconds, is still being operated by mobile companies in Mongolia.

February 28 (news.mn) The Authority for Fair Competition and Consumer Protection (AFCCP) negotiated with four national mobile operators to switch cell phone service tariffs from being calculated per minute into per second calculation by March 1st.

The Information, Communication, Post and Technology Authority held a press conference on Mongolian cable TV channels on Tuesday.

The mobile telephony market in Mongolia is fast maturing, with expanding 2G and 3G coverage set to drive up connections and penetration surpassing 100% by the end of the year.

Mongolian cell phone users currently pay for a whole minute even if their call lasts only few seconds. 

The Agency for Fair Competition and Consumer Rights (AFCCR) welcomed its new Director O. Magnai a week ago.

June 7 (Herbert Smith LLP) Mongolia's parliament has recently adopted a new foreign investment law requiring foreign operators and investors to obtain approval from the Mongolian government and, in some cases, from parliament for their investments in certain strategic sectors, including media and telecoms.

The Research and Markets has announced the addition of IE Market Research Corp."s new report "4Q11 Mongolia Mobile Operator Forecast, 2012 - 2015: Mongolia to have 3.1 million mobile subscriber connections in 2015 with Unitel taking 23% market share" to their offering.

Underlining the rapid evolution under way in Mongolia’s telecommunications sector, the state-run, land-line telecoms provider is cutting back while the main mobile players are introducing new features and announcing major international partnerships.

GoConnect’s (ASX: GCN) has entered an agreement to establish a media partnership in Mongolia for internet protocol television (IPTV) and WiFi.

According to the 2010 Mongolia Census , 30.6% of Mongolians (six years old and older) use Internet. The level of Internet usage is higher in Ulaanbaatar (49.3%) and some urban-centers, such as Erdenet (36.5) and Darkhan (34.4).

Turner Broadcasting System Asia Pacific has launched a selection of its top channels in Mongolia, a groundbreaking agreement with the country’s first IPTV operator, Univision.

Delivering 4G Broadband Services to Mongolian Residents and Businesses

ValidEdge provides fastest and most in-depth malware analysis to enable protection of mobile network.

Mongolian operator Univision has signed a multi-year agreement with Turner Broadcasting System Asia Pacific under which some of the latter's premium channels will be added to its IPTV service, the country's first.