Tuesday, January 12, 2010

Viettel spends $59 million to buy Haiti’s Teleco

12/01/2010

This affair is scheduled to complete in April 2010, marking the overseas expansion of Viettel, after it arrived in Laos and Cambodia.
This affair is scheduled to complete in April 2010, marking the overseas expansion of Viettel, after it arrived in Laos and Cambodia.
VietNamNet Bridge – Viettel, one of the three largest mobile operators in Vietnam, has proposed to buy 70 percent of Teleco, a state-owned telecommunication company, in the Republic of Haiti.

According to a Haitian news agency, Viettel’s $59 million offer is the only tendered document that meets their conditions. Offers from the Haiti Central Bank and two GSM networks – Digicel Haiti and Comcel, were rejected.

Vietel’s plan comprises the establishment of a 2000 optical cable network to expand Internet service to remote towns in Haiti.

This affair is scheduled to complete in April 2010, marking the overseas expansion of Viettel, after it arrived in Laos and Cambodia. Viettel also plans to invest $300 million in Bangladesh’s Teletalk network.

According to Wikipedia, Teleco is one of the three telecom networks in Haiti, the country with 8.1 million people and per capita income of around $1317 in 2008.

VietNamNet/ICT News

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