Viettel Corporation yesterday announced the merger of three of its core arms to form Viettel Telecom Company, in a bid to strengthen its foothold in the increasingly competitive telecommunications market.
The three firms merging are Viettel Fixed Telephone Co, Viettel Internet Co and Viettel Mobile Co, the military-run company said.
"The merging of Viettel’s three flagship firms will enable Viettel Telecom to be the biggest telecom provider in Viet Nam, which will provide multiple telecom services," said Viettel deputy director Nguyen Manh Hung.
Hung added that the domestic telecom market had grown increasingly competitive following Viet Nam’s entry into the World Trade Organisation.
"The restructure will also help Viettel to shift from being a network service provider to becoming an information service provider," he said.
According to the Viettel Corporation, Viettel Telecom will provide a full range of telecom services, including internet, fixed telephone, VoIP, mobile phones and network services.
The company’s flagship, Viettel Mobile Co, has 13 million mobile subscribers, accounting for over 40% of the country’s total mobile subscriber market. It is ranked among the top 20 fastest-developing mobile carriers in the world.
Viettel Internet Co has 140,000 broadband internet subscribers, while Viettel Fixed Telephone Co has 190,000 subscribers.
Source: VNS
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