Indochina Telecom, which holds a licence to provide mobile virtual network operator (MVNO) services in Vietnam, will have to officially launch operations by mid-August under the terms of its concession, Vietnam Business News reports, citing local news source Thoi Bao Kinh Te. Indochina Telecom (also known as Duong Duong Telecom) was granted a licence to provide MVNO services by the Ministry of Communications (MIC) on 19 August 2009 and plans to share 3G network facilities with military-owned Viettel. The conditions of its permit stipulate that the company must launch services within two years of receiving the licence. Indochina Telecom had planned to start offering mobile services in the first quarter of 2010, but this self-imposed deadline was missed, due to difficulties in negotiating a cooperation agreement with Viettel. The company has also cited fierce competition in the mobile market as a reason behind its hesitancy to launch services: Indochina would compete with eight mobile network operators should it begin operations.