Vietnamese Tiếng Việt | Thursday, March 23, 2017 | Advertise with Us
   
Text Size

Viettel becomes fourth telecom provider in Myanmar

Share
(0 votes, average 0 out of 5)

Myanmar National Tele & Communications Co., Ltd (MNTC), a joint venture between Viettel Global, Myanmar National Telecom Holding Public Limited (MNTH) and Star High Public Company Limited (Star High) on January 14 officially received a licence to begin offering nationwide telecommunications services under the Mytel brand name.


Viettel becomes fourth telecom provider in Myanmar, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Myanmar National Tele & Communications Co., Ltd, Myanmar National Telecom Holding Public Limited and Star High Public Company Limited officially received a licence to begin offering nationwide telecommunications services under the Mytel brand name.


The company has received a licence to operate for 15 years in Myanmar, its tenth market. It targeted to launch the telecom services within 12 months of receiving its licence and will cover 95 per cent of Myanmar’s market within three years.

Myanmar is Viettel’s largest foreign market, as its population is around 60 million.

“Our vision is to have a better network than other current providers when we launch our network. We will build a modern and wide telecom network across Myanmar quickly,” said Le Dang Dung, Viettel’s deputy general director.

Myanmar has been part of the strategy for Viettel’s market expansion, especially in developing Asian countries.

After 10 years of operation, Viettel has been listed among the Top 30 largest telecom companies in the world. Most of its foreign markets report profits and are listed among the largest companies in those countries.

Viettel will continue its sustainable and long-term investment strategy by considering telecommunication as a national infrastructure. This has been a factor in being successful in Viettel’s expansion.

Vietnamese telecom major Viettel holds a 49 per cent stake in the joint venture, while the local consortium of Star High and MNTH own 28 per cent and 23 per cent, respectively.

The fourth telecom operator is expected to invest an estimated capital of US$2 billion in the country over a five-year period and cover 95 per cent of the population in three years. With this project, Viet Nam takes the 7th position among the largest foreign investors, and second largest investor in ASEAN in Myanmar. 


Source: VNS - VietNamNet

Hi-Tech Latest

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

Our Latest Posts

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
loading...

Popular News Categories:

- Asia & Asian  |  EU & Russia  |  America & US

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet

Culture & Tourism:

-> About Vietnam  |  Things To Do

-> Destinations  |  Events Calendar

-> Visa Online  |  Flights & Transport

-> Accomodation  |  Tours & Cruise

-> Find more go to Travel.VN...

Login