Currently, there is only one telecoms operator in Myanmar - Myanma Posts and Telecommunications (MPT) – which is wholly owned by the Ministry of Communications, Posts & Telegraphs. MPT is planning to revamp the sector by issuing licenses for a total of four mobile network operators during 2013. The four will include MPT’s Myanmar Public Telecom and Yatanarpon Teleport (YTP) – in which MPT holds a majority share – in addition to the two new foreign operators, which will be chosen through a tender process, based on their performance rather than investment power. Both local and foreign companies have applied for the tenders and MPT is now in the process of reviewing first-stage applications, which consist of a letter of interest. In the near future, MPT plans to privatize its telecom operations, and consequently YTP, so that eventually there will be at least four private players competing in the market with 15 year license.