Viettel merges subsidiaries

21 Jun 2007

Viettel Corporation, the military-owned telecoms provider, has announced the merger of three of its core subsidiaries, in a bid to strengthen its foothold in Vietnam’s telecoms market. Viettel Fixed Telephone Co, Viettel Internet Co and Viettel Mobile Co are to amalgamate to form Viettel Telecom Company (VTC). ‘The merging of Viettel’s three flagship firms will enable Viettel Telecom to be the biggest telecom provider in Vietnam, which will provide multiple telecom services,’ said Viettel deputy director Nguyen Manh Hung, adding that the domestic telecom market had grown increasingly competitive following Vietnam’s entry into the World Trade Organisation in January this year. ‘The restructure will also help Viettel to shift from being a network service provider to becoming an information service provider’, he said. According to Viettel Corporation, Viettel Telecom will provide a full range of telecom services, including internet, fixed telephone, VoIP, mobile phones and network services. The company’s cellular arm, Viettel Mobile Co, had 7.3 million mobile subscribers at the end of 2006, according to TeleGeography’s GlobalComms database, making it the leading cellco by subscribers.

Vietnam, Viettel Telecom