Viettel plans 300 mln USD investment in Haiti

Vietnam ’s largest mobile network operator Viettel will invest about 300 million USD in the telecome market in the Republic of Haiti , with survey having entered the final stage.
Vietnam ’s largest mobile network operator Viettel will invest about 300 million USD in the telecome market in the Republic of Haiti , with survey having entered the final stage.

Tong Viet Trung, Deputy General Director of Viettel said that the capital will be spent to build mobile network infrastructure and improve the fixed line network in Haiti

Work on the mobile network infrastructure is scheduled to start in October with over 1,000 base transmission stations to be built so that mobile phone services can be launched in the first quarter of 2011.

According to Viettel, Haitian telecom market is promising because there are currently only two mobile telecom providers in this country.

Earlier, Viettel signed a deal to buy 60 percent of shares of Telecom Company in Haiti worth 99 million USD. Under this agreement, Viettel will be allowed to provide services in wireless fixed telephone, international sea optical cables, WiMAX wireless bandwidth and mobile phone.

Besides Laos, Cambodia and Haiti, Viettel is expanding investment in many countries of Asia, Africa and Latin America, focusing on mobile telecom and Internet broadband services which are Viettel’s strenth./.

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