Saturday, 11/09/2010 11:20 AM
Viettel to buy a 70% stake at Teleco Co.
Viettel Global Joint Stock Co., a subsidiary of Viettel has finished the negotiation with telecom company Teleco of Haiti to buy a 70% stake of the company worth about US$59 million.
The military - run telecom company will also install 2,000 kilometers of optical cable to expand broadband Internet access to remote areas in Haiti.
The two sides plan to sign the deal at the beginning of the second quarter. Viettel also plans to invest into Bangladesh's Teletalk mobile network. Viettel has also expanded investment and business to Cambodia and Laos.