In a statement MTN said it was "disappointed" but added that the country remained an attractive market and that it would review other options as they became available.
"In keeping with our strategy to continue exploring and evaluating suitable opportunities for further growth in developing countries, MTN still considers Myanmar an attractive market. To this end, we will review other options as they become available, and make a decision after the appropriate due consideration," it said.
The MTN Consortium, which included Myanmar-based Amara Communications and M1 Telecom Limited, had competed with 11 other bidders for the opportunity to develop the currently underdeveloped network in the nation.
Telenor Mobile Communications of Norway and Qatar Telecom, which changed its name this week to Ooredoo, were awarded telecommunications licences by the Telecommunications Operator Tender Evaluation and Selection Committee.
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