U.S. Markets close in 3 hrs 41 mins

News Summary: Myanmar may delay telecom deals

The Associated Press

THE VOTE: Myanmar's lower house of parliament ruled that licenses for two new cellphone networks should be delayed until a law governing the sector is passed.

UNCERTAINTY: The winners of the hotly contested bid were to be announced Thursday, and officials were unable to say if that would change.

BACK STORY: Currently fewer than 6 million of country's 60 million people have cellphones. Foreign companies are hoping to tap into one of the world's final telecom frontiers.