Viettel to operate telecoms network in Myanmar in June
Mytel is the brand-name of Telecoms International Myanmar - a joint venture between Viettel Global (an affiliate of Viettel) and two local partners namely Star High Public Company and Myanmar National Telecom Holding Public
Myanmar is the 10th international market with a population of nearly 53 million that the group has invested in.
Mytel has invested in developing telecoms infrastructure in Myanmar with over 7,000 4G broadband base transceiver stations and over 30,000 kilometers of optical fiber cable. Mytel is also the first mobile network in the country that provides 4G service nationwide.
Major General Le Dang Dung, Viettel’s Deputy-Director General, said that Myanmar’s economy is open at a high growth rate so there are many opportunities for telecoms like Viettel.
“In 2018 alone, we plan to have 2 to 3 million customers”, he stressed.
Mytel is the brand-name of Telecoms International Myanmar - a joint venture between Viettel Global (an affiliate of Viettel) and two local partners namely Star High Public Company and Myanmar National Telecoms Holding Public.
The total investment of this project is USD 1.5 billion, accounting for 66% of Vietnam’s registered investment amount in Myanmar. Accordingly, Vietnam is ranked the seventh among 49 countries and territories investing in Myanmar. Vietnam has also become the second biggest investor in Myanmar among the ASEAN member states.
In Myanmar, Mytel is the fourth mobile network. The other three operators are MPT (Myanmar Government, 42% of the market), Teleenor (Norway, 35% of the market), and Ooredoo (Qatar, 23% of the market).
Myanmar is the fastest growing economy (7%) among the overseas markets in which Viettel has operations, and furthermore Myanmar is also a country where telecoms and IT are developing quickly.