Chunghwa Telecom Co. Ltd, a telecom giant in Taiwan, is mulling teaming up with Viettel Mobile to tap the fast-growing Vietnamese market.
The joint venture, which will be capitalized at around US$3.9mil, will first focus on Internet Data Center business and Chunghwa may diversify operations into other service sectors.
Under Vietnamese law, Chunghwa's ownership in the venture will be capped at less than 50%.
An executive from Chunghwa Telecom said the venture, if translated into reality, would be the first overseas telecom investment by Chunghwa and that it showed the growth potential held by the local market where large numbers of Taiwan investors have set up shop.
He said his company had assessed the feasibility of the investment project for nearly a year.
Viettel sent its senior officials to Taiwan last month to work with Chunghwa over the plan.
"At first, we planned to join hands with MobiFone through the acquisition of a 29% stake in it. However, the Vietnamese mobile service provider had not decided when to sell shares to Chunghwa since the two reached an agreement in May this year," he added.
The Taiwan telecom provider opened a representative office in HCMC last year.
Chunghwa Telecom president Shyue-Ching Lu said at the opening ceremony last year that the most important mission of the HCMC office was to boost the company's services for Taiwanese enterprises in Vietnam.
The company wants to strengthen cooperative ties with local telecom service providers, he said.
Under Chunghwa's plan, it has set aside US$181mil for overseas investments this year. It spent about US$36mil in the first six months of this year.
With 4,000 base transceiver stations, 10mil subscribers, the military-owned Viettel is emerging as one of the country's largest mobile service providers.
The firm's market share grew to 35% from 27% in late 2006.
Viettel posted revenue of VND7tril (US$437.5mil) in the first half of the year, equivalent to the amount recorded in all of 2006 or about 23% of the post and telecom sector's total.
Source: VNE
Showing posts with label Viettel. Show all posts
Showing posts with label Viettel. Show all posts
Friday, August 10, 2007
Wednesday, July 11, 2007
Viettel becomes largest mobile service provider
With 4,000 base transmission stations, 10 million subscribers, military-owned Viettel has emerged as the country’s largest mobile service provider.
The corporation provides services to 30 million voice dialogue minutes a day, earning a revenue of over 1 trillion VND (62.5 million USD) a month.
In the first six months of the year, Viettel had an additional 6.5 million mobile subscribers, or 45 percent of the new subscribers in the market.
The firm’s market share increased to 35 percent from 27 percent in late 2006, leaving behind two long-time market leaders Vinaphone and MobiFone.
Viettel posted a turnover of 7 trillion VND (437.5 million USD) in the first half of 2007, equal to what they had made for the revenue of the whole year of 2006 or about 23 percent of the post and telecom sector’s total revenue.
Source: VNA
The corporation provides services to 30 million voice dialogue minutes a day, earning a revenue of over 1 trillion VND (62.5 million USD) a month.
In the first six months of the year, Viettel had an additional 6.5 million mobile subscribers, or 45 percent of the new subscribers in the market.
The firm’s market share increased to 35 percent from 27 percent in late 2006, leaving behind two long-time market leaders Vinaphone and MobiFone.
Viettel posted a turnover of 7 trillion VND (437.5 million USD) in the first half of 2007, equal to what they had made for the revenue of the whole year of 2006 or about 23 percent of the post and telecom sector’s total revenue.
Source: VNA
Thursday, June 21, 2007
Viettel sharpens competitive edge
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
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
Tuesday, June 19, 2007
Burning race to invest in telecom
Foreign telecom firms have made some moves in Vietnam: investing in Vietnamese telecom companies by purchasing stocks. However, it is said to be difficult because the supply is limited.
In September 2006, in a press conference before the Vietnam Telecom 2006 exhibition in HCM City, the chief representative of France Telecom, frankly stated: “We want to buy stocks of some Vietnamese telecom companies, for example stocks of mobile information companies like MobiFone, VinaPhone…”
Ten months have passed and many moves have been made, perhaps including clandestine negotiations among related sites, and the ‘faces of giants’ have gradually appeared.
In early May 2007, Norway’s Telenor, the biggest mobile information and television service provider in northern Europe, sponsored the “Mobile Vietnam 2007” event in Hanoi and expressed its plan to invest in Vietnamese mobile information firms.
On May 29, in a press conference in HCM City on its social charity programmes in Vietnam, a representative of SK Telecom said that the firm wanted to equitise the CDMA technology-based S-Fone mobile information network, a business cooperation project with Vietnam’s Saigon Telecom JS Company.
On June 13, at the press conference to introduce the Vietnam Comm 2007 exhibition in HCM City, Bui Quoc Viet, Director of the Postal Information Centre of the Vietnam Post and Telecommunications Group (VNPT), said: “Many foreign telecom groups have opened representative offices in Vietnam to wait for opportunities to invest in mobile information companies.”
According to some sources, American telecom groups want to buy stocks of Vietnam’s mobile information companies through Korean and Taiwanese firms.
Three mobile information firms that are targeted by foreign telecom groups – MobiFone, VinaPhone and Viettel Mobile – will sell stocks in the near future.
Bui Quoc Viet, Director of the VNPT’s Postal Information Centre, said that under the current rules, foreign investors couldn’t buy more than 49% of the stocks of Vietnamese mobile information firms. By the end of 2008 or early 2009, foreign investors will be allowed to make joint ventures with Vietnamese partners and after 2010 they can establish wholly foreign-owned firms in the telecom field in Vietnam.
In the race to invest in Vietnam’s mobile information companies, France Telecom has the advantage of being an early comer. It is now the second largest mobile information service provider in Europe, with 88 million mobile phone subscribers, 48 million fixed phone subscribers and 11 million Internet subscribers in 220 countries and territories. Its revenue was Eur49 billion in 2005.
Another big rival is NTT-DoCoMo from Japan, which has more than 50 million mobile phone subscribers and 135 million Internet subscribers. This group began its world expansion strategy in 2005 through modern value added services for mobile phone subscribers.
Norway’s Telenor has opened a representative office in Vietnam but its name is not popular. This group has more than 40 million customers in Asia and in the first quarter of 2007, Telenor boosted its investment in this region with more than $350 million of investment capital, up 40% over the same period of 2006.
Other big names that have opened representative offices in Vietnam are VodaPhone of the UK and Lucent of France.
The participation of big names in the race to invest in mobile information companies in Vietnam has made the competition fiercer but they still have to wait till Vietnamese companies announce the names of their foreign partners.
Source: VNE
In September 2006, in a press conference before the Vietnam Telecom 2006 exhibition in HCM City, the chief representative of France Telecom, frankly stated: “We want to buy stocks of some Vietnamese telecom companies, for example stocks of mobile information companies like MobiFone, VinaPhone…”
Ten months have passed and many moves have been made, perhaps including clandestine negotiations among related sites, and the ‘faces of giants’ have gradually appeared.
In early May 2007, Norway’s Telenor, the biggest mobile information and television service provider in northern Europe, sponsored the “Mobile Vietnam 2007” event in Hanoi and expressed its plan to invest in Vietnamese mobile information firms.
On May 29, in a press conference in HCM City on its social charity programmes in Vietnam, a representative of SK Telecom said that the firm wanted to equitise the CDMA technology-based S-Fone mobile information network, a business cooperation project with Vietnam’s Saigon Telecom JS Company.
On June 13, at the press conference to introduce the Vietnam Comm 2007 exhibition in HCM City, Bui Quoc Viet, Director of the Postal Information Centre of the Vietnam Post and Telecommunications Group (VNPT), said: “Many foreign telecom groups have opened representative offices in Vietnam to wait for opportunities to invest in mobile information companies.”
According to some sources, American telecom groups want to buy stocks of Vietnam’s mobile information companies through Korean and Taiwanese firms.
Three mobile information firms that are targeted by foreign telecom groups – MobiFone, VinaPhone and Viettel Mobile – will sell stocks in the near future.
Bui Quoc Viet, Director of the VNPT’s Postal Information Centre, said that under the current rules, foreign investors couldn’t buy more than 49% of the stocks of Vietnamese mobile information firms. By the end of 2008 or early 2009, foreign investors will be allowed to make joint ventures with Vietnamese partners and after 2010 they can establish wholly foreign-owned firms in the telecom field in Vietnam.
In the race to invest in Vietnam’s mobile information companies, France Telecom has the advantage of being an early comer. It is now the second largest mobile information service provider in Europe, with 88 million mobile phone subscribers, 48 million fixed phone subscribers and 11 million Internet subscribers in 220 countries and territories. Its revenue was Eur49 billion in 2005.
Another big rival is NTT-DoCoMo from Japan, which has more than 50 million mobile phone subscribers and 135 million Internet subscribers. This group began its world expansion strategy in 2005 through modern value added services for mobile phone subscribers.
Norway’s Telenor has opened a representative office in Vietnam but its name is not popular. This group has more than 40 million customers in Asia and in the first quarter of 2007, Telenor boosted its investment in this region with more than $350 million of investment capital, up 40% over the same period of 2006.
Other big names that have opened representative offices in Vietnam are VodaPhone of the UK and Lucent of France.
The participation of big names in the race to invest in mobile information companies in Vietnam has made the competition fiercer but they still have to wait till Vietnamese companies announce the names of their foreign partners.
Source: VNE
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