Business

Viettel offers to buy majority share in Haiti telecom

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

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

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

The transaction is expected to be finalised in April, following upViettel’s previous foreign market successes after gaining a firmfoothold in both Cambodia and Laos .

Teleco is one of three largest providers of mobile services in theCaribbean country, which has a population of 8.1 million with anaverage per capita income of 1,317 USD in 2008.

After eight years of operation, Viettel has become one of the largestmobile service providers in Vietnam and the first telecom firm toprovide services abroad./.
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