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Vietnam’s top telecom firm wins mobile license in Myanmar

A joint venture led by Vietnamese military-run Viettel has won the fourth telecom license from Myanmar’s outgoing government.

Viettel is serving more than 200 million customers in ten markets worldwide. Photo credit: baochinhphu.vn

 

A joint venture led by Vietnamese military-run Viettel has won the fourth telecom license from Myanmar’s outgoing government.
Hanoi-based Viettel will own a 49 percent stake in the venture, with the rest going to 11 local firms and a company owned by the defense ministry, Myanmar media cited a Friday government statement as saying.
The selection of the 15-year license came days before the power transfer from an army-backed government to the first civilian administration in decades.
Viettel has been eyeing Myanmar’s underdeveloped mobile market for years. It will be the third foreign player after Norway’s Telenor and Qatar’s Ooredoo were granted licenses and began selling phone cards in 2014.
Vietnam’s top telecom operator is serving 265 million customers in ten countries, according to its website. Its revenue in 2015 was VND222.7 trillion (US$9.93 billion), up 13 percent from 2014.

Rice output in the Mekong Delta – the rice hub of Vietnam – dropped by 6.2 percent, or about 700,000 tons, in the first three months due to severe drought and saltwater intrusion
The value of the industrial and construction industries rose by only 6.72 percent, compared to 8.74 percent recorded in Q1 last year, Lam noted.

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