Hanoi (VNA) – Vietnam’s military-run Viettel Group will officiallyinaugurate its services in Myanmar under the trade name of Mytel in the secondquarter of 2018.
Mytel, or Myanmar National Tele &Communications Co Ltd, is a joint venture between Viettel Global, MyanmarNational Telecom Holding Public Limited (MNTH) and Star High Public CompanyLimited (Star High).
Mytel has total investment of 2 billionUSD, in which the Vietnamese telecom company holds a 49 percent stake, whilethe local consortium of Star High and MNTH own 28 percent and 23 percent,respectively.
Once operational, Mytel will have 7,000broadcast stations, with 30,000km of cable lines, making it the largest mobile networkprovider in Myanmar with the coverage of 90 percent of the country’spopulation.
Together with Myanmar, Viettel hasoperated in 10 other countries including Vietnam, Cambodia, Laos, East Timor,Haiti, Peru, Mozambique, Cameroon, Burundi, and Tanzania. Of these, it takesthe leading position in five foreign markets in terms of market share. All ofthe countries where it has operated for more than three years reported aprofit.
The group’s revenue from its overseas investment in 2017 surged by 38 percentfrom the previous year to reach 38 trillion VND (1.7 billion USD).
The revenue, including those from ViettelGlobal and Peru market, was nine times higher than the average level of theworld’s telecommunication sector, according to its recent integrated financialreport.
Of these, Viettel’s new foreign marketsin Africa and America continued to see the strong growth rate such as ViettelCameroon increased by 103 percent, Viettel Mozambique by 79 percent and ViettelPeru by 37 percent. In the fourth quarter of 2017 alone, Viettel’s revenue fromoverseas investments rose by 40 percent from the same period last year.
Viettel is the only company in Vietnamhaving revenue of more than 1 billion USD from overseas investments. The totalnumber of customers using its telecommunication services in foreign countriesby the end of 2017 was more than 43 million, representing 15 percentyear-on-year rise. The number was five times higher than the average in theworld.
The group still had a strong growth ratein many foreign markets in 2017 though it focused resources on its new marketssuch as Tanzania and building network infrastructure for Myanmar.
The pioneering in providing 4G servicesto 7 out of its total 10 foreign markets has contributed to the growth ratelast year. Its average revenue per user (ARPU) in 2017 was also increased by 20percent.
In addition, Viettel has also promotedto provide information and technology (IT) applications to big firms andgovernments in many foreign markets, contributing to the high growth in 2017.The total revenue from IT projects with foreign governments rose by 6 timesfrom the previous year.
Viettel targeted revenue growth rate in2018 increase by 32 percent while the growth of total number of customers was16 percent from last year to 50 million people. It set high growth rate forViettel Tanzania at 70 percent, Burundi at 21 percent and Viettel Peru at 20percent.
Viettel was in the Top 30telecommunication groups having largest numbers of customers in the world thanksto its expansion to the foreign market.-VNA
Mytel, or Myanmar National Tele &Communications Co Ltd, is a joint venture between Viettel Global, MyanmarNational Telecom Holding Public Limited (MNTH) and Star High Public CompanyLimited (Star High).
Mytel has total investment of 2 billionUSD, in which the Vietnamese telecom company holds a 49 percent stake, whilethe local consortium of Star High and MNTH own 28 percent and 23 percent,respectively.
Once operational, Mytel will have 7,000broadcast stations, with 30,000km of cable lines, making it the largest mobile networkprovider in Myanmar with the coverage of 90 percent of the country’spopulation.
Together with Myanmar, Viettel hasoperated in 10 other countries including Vietnam, Cambodia, Laos, East Timor,Haiti, Peru, Mozambique, Cameroon, Burundi, and Tanzania. Of these, it takesthe leading position in five foreign markets in terms of market share. All ofthe countries where it has operated for more than three years reported aprofit.
The group’s revenue from its overseas investment in 2017 surged by 38 percentfrom the previous year to reach 38 trillion VND (1.7 billion USD).
The revenue, including those from ViettelGlobal and Peru market, was nine times higher than the average level of theworld’s telecommunication sector, according to its recent integrated financialreport.
Of these, Viettel’s new foreign marketsin Africa and America continued to see the strong growth rate such as ViettelCameroon increased by 103 percent, Viettel Mozambique by 79 percent and ViettelPeru by 37 percent. In the fourth quarter of 2017 alone, Viettel’s revenue fromoverseas investments rose by 40 percent from the same period last year.
Viettel is the only company in Vietnamhaving revenue of more than 1 billion USD from overseas investments. The totalnumber of customers using its telecommunication services in foreign countriesby the end of 2017 was more than 43 million, representing 15 percentyear-on-year rise. The number was five times higher than the average in theworld.
The group still had a strong growth ratein many foreign markets in 2017 though it focused resources on its new marketssuch as Tanzania and building network infrastructure for Myanmar.
The pioneering in providing 4G servicesto 7 out of its total 10 foreign markets has contributed to the growth ratelast year. Its average revenue per user (ARPU) in 2017 was also increased by 20percent.
In addition, Viettel has also promotedto provide information and technology (IT) applications to big firms andgovernments in many foreign markets, contributing to the high growth in 2017.The total revenue from IT projects with foreign governments rose by 6 timesfrom the previous year.
Viettel targeted revenue growth rate in2018 increase by 32 percent while the growth of total number of customers was16 percent from last year to 50 million people. It set high growth rate forViettel Tanzania at 70 percent, Burundi at 21 percent and Viettel Peru at 20percent.
Viettel was in the Top 30telecommunication groups having largest numbers of customers in the world thanksto its expansion to the foreign market.-VNA
VNA
