Go ahead for Viettel’s Mozambique venture

Movitel, a joint venture between the Vietnamese military-run Telecommunication Group (Viettel) and Mozambique’s SPI Invespar Company, has received an investment licence, according to Viettel Group.

Movitel plans to invest around US$400 million to develop 4,500 2G base transceiver stations (BTS) and 1,200 3G BTS infrastructure to ensure nationwide coverage, including remote and mountainous areas, over a five-year period after receiving the $28.2 million bidding package.

The company aims to become one of the largest telecom firms in the local market after one year of operation. Mozambique is the fourth foreign country in which Viettel has invested, after Cambodia, Laos and Haiti.

Tags: Viettel Mozambique

Posted by VBN on Jan 15 2011. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry