Zaw established Manaw Thidar, the first company under the Shwe Byain Phyu (SBP) Group in 1996. 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. In the aftermath of the
2021 Myanmar coup d'état, Singapore-based Investcom Pte Ltd, a joint venture between the Lebanese
M1 Investment Group and Myanmar's Shwe Byain Phyu conglomerate, acquired
Telenor Myanmar in March 2022. Following the acquisition, concerns about ties to the Myanmar military and data privacy emerged. However, in April 2022, the new parent company addressed these concerns, committing to uphold the
data privacy policies of its predecessor.
ATOM Myanmar was launched in June 2022. ==References==