Viettel wins $1.5 billion bid in Myanmar to establish a 4G mobile network

14 April 2016
Viettel wins $1.5 billion bid in Myanmar to establish a 4G mobile network
A parliamentry staffer talks on her mobile as she sits at her desk in parliament, Naypyitaw on 17 November 2015. Photo: Nyein Chan Naing/EPA

Viettel has won a $1.5 billion bid in Myanmar to provide internet and mobile networks, vietnam.net reported on 13 April.
The group will cooperate with two Myanmar companies - MEC and SPV - to set up a joint venture to provide both internet and mobile networks.
By the end of May, Viettel and its two partners will finish procedures to establish the joint venture, in which Viettel will hold 49 per cent and contribute $1.5 billion in investment, the report said.