The Viettel Peru SAC, a subsidiary of Vietnam’s military-run telecommunication group Viettel, won a mobile phone service contract in Peru on August 14, according to the Private Investment Promotion Agency ProInversion.
The company plans to provide the services to at least 15,000 subscribers in its first year of operation, and 357,000 after 5 years.
Viettel will invest over US$300 million in installing signal reception and transmission stations, fiber optic cables, and other equipment required to achieve the target.
The telco was awarded the 20-year contract largely due to their commitment to providing free Internet services to 718 schools in Peru within the first 10 years.
Viettel also committed to providing mobile services to 48 districts in Peru’s rural areas.
In 2011, Viettel was granted a license to provide telecom services on the frequency range of 1,900 MHz in Peru, making the South American country Viettel’s fifth successful foreign tender, following the delivery of services to Cambodia, Laos, Haiti and Mozambique.
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