Hutchison Telecommunications International Ltd. said a 655-million US$ joint-venture mobile phone network it opened in Vietnam on Monday was expected to break even in two years.
The 50/50 venture, named HT Mobile, operates a third-generation mobile communication network using CDMA-2000 technology nationwide, company officials said.
"We expect the venture to break even after two years of operation," Hutchison Telecom Chief Executive Dennis Lui said at an event to announce the service.
Hutchison and unlisted Hanoi Telecommunications Joint Stock Co. will, over 15 years, provide value-added services over the cellular mobile network such as data transmission, video calls, Internet access and wireless services.
As of December 2006, the Southeast Asian country had about 16 million mobile phone users out of a population of 84 million.
Source: Reuters
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