FPT gets permission to establish own network

23 Oct 2007

Vietnamese ISP FPT Telecom, a subsidiary of the Corporation for Financing and Promoting Technology (FPT), has received permission from the Ministry of Information and Communications (MIC – formerly the Ministry of Posts and Telematics) to establish its own provincial and international telecoms networks. Until now, the company relied on leasing lines from other network operations. ‘This will create the right conditions for us to expand our service networks at more competitive prices,’ said FPT Telecom spokesman Nguyen Van Khoa, adding, ‘From now on we can be active in carrying out investment and business plans, as well as in selecting and negotiating with local and international partners to link telecommunications networks.’ Within 18 months, the company plans to develop a 10Gbps link between Hanoi and Ho Chi Minh City, as well as lines to Hong Kong, Shanghai and America.

Last month the company inked a USD20 million deal with EVN Telecom, part of state-owned Electricity of Vietnam, to lease a 2.5Gbps international ADSL line.

Vietnam, EVN Telecom, FPT Telecom