Thein Win Zaw

Thein Win Zaw (Burmese: သိန်းဝင်းဇော်; born 2 February 1963) is a Burmese businessman, best known for founding Shwe Byain Phyu Group of Companies, a conglomerate with business interests in petrol stations, jade mining, timber, and food exports.[1] He was also the chairman of Gems and Jewelry Entrepreneurs Association (Yangon) from 2018 to 2020.[2]

Thein Win Zaw
သိန်းဝင်းဇော်
Born2 February 1963 (1963-02-02) (age 60)
Burma
NationalityBurmese
Occupation(s)Chairman, Shwe Byain Phyu Group
SpouseTin Latt Min
ChildrenWin Paing Kyaw
Theint Win Htet

Early life and career

Thein Win Zaw was born on 2 February 1963, hailing from Twante Township in Yangon Region, Myanmar.[3] He graduated in 1984 with a Bachelor of Science degree in chemistry.[3]

Business interests

Thein Win Zaw founded Shwe Byain Phyu Group (SBP) in 1996, and operates a business partnership with the military-owned Myanma Economic Holdings Limited for mining, logging, fuel imports and distribution.[4][5] Thein Win Zaw's business success has been attributed to his close relationship with the Myanmar Armed Force's senior leadership, including the Myanmar Navy commanders-in-chief Tin Aung San and Soe Thane, acting president Myint Swe, and Thein Aung, the father of Zaw Hein, a general.[6][4]

Telecommunications

Thein Zaw has previously served as a director in Mahar Yoma Public Company, which has a partial stake in Mytel, the military-owned telecommunications company.[7][8]

In February 2022, news emerged that Shwe Byain Phyu would own 80% of Telenor Myanmar with Lebanese M1 Group owning the remaining shares, as Norwegian-based Telenor sought to divest in its Myanmar operations following the 2021 Myanmar coup d'état.[7] Shwe Byain Phyu and M1 Group formed a joint venture, Investcom, to acquire Telenor's operations in Myanmar.[9] The planned sale prompted significant criticism from Burmese civil society over data privacy concerns, given SBP's links to the Burmese military.[9] The sale was approved by regulatory authorities in March 2022, and ATOM Myanmar was launched in June 2022.[10]

Personal life

Thein Win Zaw is married to Tin Latt Min, and has two children, Win Paing Kyaw, and Theint Win Htet.[4] The family members together own at least 20 companies.[4] Tin Latt Min's mother was the teacher of Tha Aye, a general.[4]

References
  1. "The crony who will control Telenor Myanmar's customer data". Myanmar NOW. Retrieved 2022-03-07.
  2. "Inaugural Yangon gems and jewellery fair to promote value-added products, say organisers". Frontier Myanmar. 3 January 2018.
  3. "Thein Win Zaw". FWP RESEARCH. Archived from the original on 2022-03-07. Retrieved 2022-03-07.
  4. Aung Naing (2022-03-04). "The crony who will control Telenor Myanmar's customer data". Myanmar Now.
  5. "Meet Myanmar Military-Linked Crony Taking Stake in Telenor Sale". The Irrawaddy. 2022-02-15. Retrieved 2022-03-07.
  6. "Telenor Under Pressure for Its Myanmar Subsidiary Sale". The Irrawaddy. 2022-02-09. Retrieved 2022-03-07.
  7. "EXCLUSIVE-Myanmar firm poised to control Telenor unit after military backs bid-sources". Reuters. 2022-02-11. Retrieved 2022-03-07.
  8. "Myanmar Companies Linked to Regime Leaders Bid to Acquire Telenor". The Irrawaddy. 2021-12-02. Retrieved 2022-03-07.
  9. "Telenor sale gets green light from Myanmar junta's telecoms regulator". Myanmar NOW. Retrieved 2022-03-07.
  10. "Telenor Myanmar is renamed "ATOM Myanmar" following the takeover of the Norwegian telecom giant by M1 Group". THE CHINDWIN. 2022-06-09. Retrieved 2022-09-22.
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