VNPT Boasts over 50 Mln Telephone Subscribers

The Vietnam Post and Telecommunications Group (VNPT) is now providing telecom services to more than 50 million telephone subscribers, state media has said.

 

In January, VNPT signed up one million new subscribers, including 900,000 mobile phone users.

 

The group also saw an additional 54,000 internet subscribers over the course of the month, bringing its total number of internet users to 1.4 million.

 

VNPT expects revenues of VND60 trillion (US$3.43 billion) this year by developing its core services, such as fixed line and mobile phones and broadband internet.

 

However, the group noted that 2009 is forecast to be a challenging year for domestic telecom businesses as they will face a wide range of difficulties resulting from the global financial crisis and the country’s opening up of its telecommunications market to foreign companies.

 

By the end of 2008, VNPT accounted for 60 per cent of the country’s mobile market share. (New Hanoi, People’s Army)