Viettel invests in AAE-1 submarine cable network

June 25, 2016 | 10:23

(0) user say

The military telecom group Viettel said it has spent US$50 million to connect the AAE-1 international submarine cable network with its station in the southern province of Ba Ria-Vung Tau.

A section of the AAE-1 international submarine cable in Viet Nam. - Photo ictnews.vn

The 23,000 km system, stretching across Asia, Africa and Europe, costs an accumulated $820 million, financed by 20 partners from 18 countries worldwide.

After operational, scheduled for late 2016, the network is expected to significantly enable the group to establish sound international connection infrastructure, meet domestic increasing demands for broadband internet and connect the African nations where Viettel has invested in, like Tanzania and Burundi, with Europe.

The system plays an important role in ensuring the safety of the group's international connection as well as national information security, and maintaining undisrupted connection between Viet Nam and the world.

Viettel now operates in Viet Nam and other nine countries in Asia, Africa and South America with 85 million clients. It earned $1.4 billion in revenue in foreign markets in 2015.

VNS

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional