Saturday, February 6, 2010

Viettel plans to buy majority shares in Haiti telecom

6/02/2010

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.

VOVNews/VNA

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