Vietnam’s Viettel to invest in Tanzania, Myanmar telecoms markets

2 Jan 2014

Vietnam’s military-backed telecoms group Viettel is said to be exploring investment options in Tanzania and Myanmar as it seeks to expand an international footprint that currently comprises operating licences in seven foreign markets. VietNamNet Bridge reports that Viettel Group is looking to increase its overseas income and, to that end, has applied for a mobile operator licence in Tanzania where it is confident of launching services in the near future. The Vietnamese firm already operates a cellular service in nearby Mozambique, is active in Timor Leste, Cambodia, Laos and Haiti, and plans to launch in Cameroon in mid-2014, before going on to launch its mobile network in Peru. Furthermore, Viettel deputy general director Le Dang Dung is quoted as saying that, despite failing in its bid to secure a mobile licence in Myanmar, it is ‘seeking cooperation opportunities with winning bidders to launch services in the country’. In FY 2013 the group is looking to book revenues of VND163 trillion (USD7.78 billion), compared to the figure of VND140 trillion it recorded in FY 2012 – of which revenues from overseas operations generated around 15%. Its businesses in Cambodia, Laos, Mozambique and Haiti are all said to have contributed profits to date.

Myanmar, Tanzania, Viettel Group