Viettel targets 8.35 million new customers in foreign markets
Viettel Global, a subsidiary of the military-run telecommunication group Viettel, aims to develop one or two new markets and attract 8.35 million new customers in 2016, raising its total subscribers in foreign markets to 25 million.
The targets were set at a recent Viettel Global Investment Joint Stock Company shareholders’ meeting.
It will also invest in building infrastructure in Myanmar, where it will take part in a joint venture with two local companies to deliver telecom services.
This year, the company hopes for total revenue of nearly US$1.5 billion in eight markets (excluding Peru and Vietnam), representing a growth of 12.4% and combined pre-tax profits of US$51.4 million, equivalent to 90% of the 2015 figure.
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Viettel now operates in Vietnam and other nine countries in Asia, Africa and South America with 85 million clients. It earned US$1.4 billion in revenue in foreign markets in 2015. In Tanzania, its brand Halotel attracted 1 million users in only three months of operation.
