PM approves operation and organisation regulations for Viettel

The prime minister Nguyen Tan Dung on March 30 approved the operation and organisation regulations for the military-run telecommunications firm, Viettel.

At the time of establishing, Viettel had the initial chartered capital of 50 trillion dong.

Viettel is a defence economic enterprise with 100 percent stake owned by the state operating under the one-member limited company model.

Viettel specialises in wire and wireless telecommunications activities, satellite telecommunications and other telecommunications, production of electronic components, communications equipments, consumer electronic products, cables, optical fibre, electricity cables and wires production, other electronics, and all kinds of other electricity wires.

Viettel has 74 branches such as Viettel An Giang, Viettel Nghe An, Viettel Ha Giang, Viettel Telecommunication Co, two corporations operating under the subsidiary-parent company model, 11 subsidiaries with more than 50 percent stake held by Viettel, and seven associated companies and joint ventures companies.

In related news, Viettel has recently announced to install 1,500 Base Transceiver Station (BTS) in Mozambique in 2011.
Mozambique Defence minister also proposed to cooperate with Viettel on training and manufacturing of information technology and telecommunications equipments.

Viettel’s general director said that after winning the telecommunications bidding package worth $28.2 million in Mozambique, the group finalised the survey and network design activities.

Viettel also plans to install 1,000-1,500 BTS in Mozambique by the end of this year, at the same time, invest nearly $400 million to build the network platform and the distribution channel nationwide.

Movitel, a joint venture between Viettel and two companies of Mozambique namely SPI and Invespar, has got the approval on January 6 2011 to inaugurate its service in early next year with an aim to become one of largest mobile service operators in Mozambique.

Tags: Viettel