Local telcos are ramping up outbound investments with big targets. In 2012, military-run telecom group Viettel will strive to achieve over 50 per cent revenue growth in foreign markets parallel to setting footholds in four highly populated new countries. This would mean by the end of 2012, the total population in Viettel’s overseas markets could [...]
Following the industry’s first acquisition last year, the domestic telecom sector is expected to witness more mergers and acquisitions this year, insiders said at a seminar last week. At the seminar concerning the Vietnamese telecom sector outlook in 2012, industry insiders said the government this year will also strengthen the privatization process to create a [...]
The Vietnam Posts and Telecommunications Group (VNPT) will merge VNPT Global into MobiFone to bolster investment resources for future overseas investment, said general director of VNPT Vu Tuan Hung. MobiFone was now VNPT’s largest company, achieving a return on equity of nearly 50 per cent and earning a profit of VND6.26 trillion ($298 million) in [...]
Laos’ leading mobile operator Star Telecom said it posted a revenue of US$110 million last year, an increase of 80 percent over 2010. The company, a joint venture between Laos Asia Telecom and Vietnam’s Viettel Group attracted 1.6 million new subscribers to its Unitel mobile network in 2011, up 42 percent year on year. Star [...]
Truong Dinh Anh, general director of FPT Group (FPT) has announced that together with developing the company’s key business sector of information technology, FPT would concentrate on making investment in other sectors such as telecommunication and retail. The investment capital to be spent on telecommunication sector was estimated at 870 billion dong. In details, the [...]
Vietcombank and Viettel have launched Mobile BankPlus, which enables Viettel’s mobile subscribers to bank with Vietcombank via mobile devices since January. Specifically, Viettel’s customers can transfer money from one account to another within Vietcombank, top up or pay your phone bills and view their Vietcombank account balance and transaction details. Customers can manage and use [...]
A report from the Vietnamese Ministry of Information and Communications showed that in 2011, Vietnam Post and Telecommunication Group (VNPT)’s total revenue is estimated at 120.8 trillion dong, up 18 percent from 2010. Earlier, according to local newswire ICT News, in 2011, VNPT targeted initial revenue of 120 trillion dong and then adjusted up to [...]
Electricity of Vietnam (EVN)’s recently said that EVN Telecommunication Co. (EVN Telecom)’s revenue in 2011 was estimated at nearly 2.43 trillion dong, or 62.7 percent of the year’s plan. Of which, revenue from CDMA was estimated at 62 percent of the year’s target, revenue from E-Net service was estimated at 43 percent of the year’s [...]
Military-run telecom group Viettel set a target growth rate from 20 to 25% in terms of revenue and profit in 2012, Nguyen Manh Hung, deputy director of Viettel said at the conference summarizing the achievements in 2011 and deploying missions of the telecommunications industry in 2012. Hung said that Viettel’s revenues for 2011 grew 28% [...]
2011 was a successful year of telephone and component production sector because for the first time, Vietnam has reached an export turnover of over $6.4 billion from telephone and spare parts as of December 15, 2011. The average growth rate in months of years reached over 200% from the same period of previous year, even [...]
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