Viettel Peru gains more than 24.5 million USD in 9 months
Bitel, a subsidiary of the Viettel Military Industry and Telecomes Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year.
Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits (Photo: ictnew.vn)Hanoi (VNS/VNA) - Bitel, a subsidiary of the Viettel Military Industry and Telecoms Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year.
Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits.
Currently, Bitel is operated by the Viettel Foreign Investment Joint Stock Corporation (Viettel Global), but Bitel's business results have not been incorporated into Viettel Global's report due to the law provisions in Peru.
Therefore, if calculating the total profit from foreign investment activities in the first nine months of this year made by Viettel Global, the figure will be more than 91 million USD, of which, nine-month profit before tax is 66.5 million USD and Viettel Peru is 24.5 million USD.
According to the statistics of Osiptel, Peru’s Supervisory Agency for Private Investment in Telecommunications, in the context of other carriers growing slowly or declining market share this year, Bitel's market share increased by 1 percent and became the operator with the best market share growth in Peru.
Currently Bitel has a 16.3 percent market share. Its general director Phan Hoang Viet said that Bitel was expected to gain 18 percent market share next year.
Bitel also celebrated its fifth year of service and announced the rollout of 5G on October 15. Bitel's 5G network speed on the test achieved a download of 1,506 Mbps and an upload of 78.7 Mbps./.
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
