FPT Telecom leases line from EVN

27 Sep 2007

Vietnamese ISP FPT Telecom, a subsidiary of the Corporation for Financing and Promoting Technology (FPT), has inked a USD20 million deal with EVN Telecom, part of state-owned utility Electricity of Vietnam to lease a 2.5Gbps international ADSL line. The three-year contract is the largest of its kind in Vietnam in terms of value, said FPT Telecom director Truong Dinh Anh. The leased line will double the ISP’s bandwidth to 5Gbps. EVN Telecom plans to work with FPT Telecom in the future as part of a general agreement between the two parent companies to jointly seek opportunities in IT products and services. For example, FPT Telecom now has access to the national power grid and will be allowed to hang internet lines from EVN electricity posts. FPT is planning to enter the wireline market in the next two months, and is said to have bought a new switchboard from US vendor Cisco Systems that will allow internet, telephone and television services to be provided via a single cable – so-called ‘triple-play’ services which will be ‘more effective and much cheaper than having to buy the services separately,’ according to Anh.

Vietnam, EVN Telecom, FPT Telecom