Viettel plans to buy majority shares in Haiti telecom

The military telecom group (Viettel) has offered to buy 70 percent of the Teleco Company – an international telecom services provider in the Republic of Haiti.

The Ministry of Information and Telecommunications website, ICTnews, cited the Haiti news agency as saying that Viettel’s US$59 million offer is the only tendered document that meets all conditions.

The Vietnamese group also proposed to set up a 2,000km fibre cable network to expand broad Internet access to remote towns in Haiti .

The transaction is expected to be finalised in April, following Viettel’s previous foreign market success after gaining a firm foothold in both Cambodia and Laos .

Teleco is one of three largest mobile service providers in the Caribbean country, which has a population of 8.1 million with an average per capita income of US$1,317 in 2008.

Tags: Vietnam Telecom, Viettel, Viettel plans to buy majority shares in Haiti telecom

Posted by VBN on Feb 7 2010. Filed under HEADLINES, Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry