Viettel to Expand Operations to Myanmar, Cuba, Venezuela

Viettel, leading mobile operator in Vietnam, is planning to expand its operations to Myanmar, Cuba and Venezuela in an effort to further exploit the potential telecom markets.

 

The operator is finishing all necessary procedures to open a representative office in Myanmar and will negotiate to invest in the Democratic People’s Republic of Korea, Cuba and Venezuela, Viettel General Director revealed on February 15.

 

The military-run telecom service provider has so far attracted over 150,000 mobile phone subscribers in Cambodia and Laos. The company registered more than 100,000 mobile phone subscribers in Cambodia and 50,000 others in Laos, after only two months entering these two neighboring markets.

 

Viettel, which made debut in 2004, now is leading Vietnam with some 28 million subscribers. It provides mobile phone, fixed line telephone, wireless fixed telephone and Internet services.

 

The firm earned revenues of VND33 trillion (US$2 billion) in 2008, doubling the figure of 2007. It is expected to earn revenues of between US$3 billion and US$4 billion this year. (Saigon Liberation)