The New Investment Law is approved

Mongolia’s parliament approved a new investment law Thursday that caps future foreign participation in certain strategic industries, reflecting a growing public push to keep profits from the mineral-rich nation’s industries inside the country. When it goes into effect, the law will require foreign investors to obtain government review and parliamentary approval for investments at 49% […]

Mongolia's Univision expands IPTV channel lineup

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. The channels being added are CNN International, Cartoon Network, Boomerang and truTV.  Naranbat N., CEO of Univision, commented: “It is a significant milestone […]

Mongolian mobile users number reached 2.3 million

Mobile communication is in service in 335 soums of Mongolia, reaching 84% of total population. According to the report made by Communication Regulatory Committee of Mongolia and World Bank, three main goals were set: mobile technology support in soums, public communication service between herders’ families and connect soums with high speed internet. As the result […]

Prime Minister S.Bayar received the Japanese Deputy Minister

Prime Minister S.Bayar received Mr. Kh.Ishige, the Japanese Deputy Minister for Economy, Trade and Industry. He is attending the second consultative meeting of private sector and Government of Mongolia and Japan in Ulaanbaatar. Mr. Ishige stated that over 50 institutes and organizations such as Itochu, Marubeni, Mitsubishi companies and JICA, are taking part in the […]

World Bank highly appreciated works of Telecommunication Regulatory Committee

World Bank and Mongolian Government are jointly implementing project “Improvement of information telecommunication infrastructure”. World Bank sends a letter of appraisal on the activities implemented by the Telecommunication Regulatory Committee, the Government of Mongolia. In the letter, the issue of forming legal environment of establishing the Public Service Role Fund at the Telecommunication Regulatory Committee […]