Viettel poised to enter Paraguayan telecoms market; Copaco talks on the cards

14 Mar 2011

According to Telecoms Insight, Vietnamese telecoms operator Viettel is preparing to expand its footprint in Latin America, through the prospective acquisition of state-owned wireline provider Copaco. Last week Paraguayan president Fernando Lugo visited Viettel’s offices in Hanoi as part of a broader visit to discuss the two countries’ bilateral cooperation. It is believed that Viettel is now preparing to send a delegation to Paraguay in order to commence official talks with the fixed line incumbent. Paraguayan press reports have indicated that Viettel is willing to invest at least USD100 million in overhauling Copaco’s limited infrastructure. TeleGeography notes that Copaco also holds a 69.6% stake in mobile operator Hola Paraguay, following a July 2010 deal with KDDI.

In January 2011 Viettel acquired a fourth mobile licence in Peru, pitting itself against regional giants America Movil and Telefonica, and underling the firm’s confidence in entering competitive marketplaces. Previously Viettel has displayed an eclectic approach towards international expansion; in 2010 it secured licences in Haiti and Mozambique, to go with its existing subsidiaries in Cambodia and Laos.

Paraguay, Copaco, Viettel Telecom