The value of the license has not been revealed but is estimated to be over $1.5 billion. Besides, the license will be valid in 15 years.
At a recent meeting with the press, Tong Viet Trung, deputy general director of Viettel, said that the group spent a long period studying the Myanmar market and saw huge potential for mobile telecom development there.
Myanmar is one among few countries whose telecom market has yet to be tapped. Telecom services in Myanmar have not been popular with high fees and low-quality infrastructure and telecom services. A SIM card in Myanmar is priced at $240-300.
According to Viettel, its revenues earned from telecom services overseas amounted to nearly $600 million last year, with $76 million remitted home, up 85pct from the previous year.
This year, Viettel targets to achieve an overall growth of nearly 20pct and a 50pct growth in overseas markets. The group has currently invested in seven overseas markets, comprising Cameroon, Cambodia, Laos, Haiti, Peru, Mozambique and Tanzania.
Apart from Viettel, MobiFone is the second telecom provider in Vietnam to operate in Myanmar as it opened a representative office here last year.
However, MobiFone does not join the bidding in Myanmar, according to Vietnam Post and Telecommunications Group, owner of MobiFone.
Mobile Version