Viettel plans to expand to Indonesia, Nigeria
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Vietnam’s Viettel is reportedly eyeing a foray into Indonesia and Nigeria as part of its international expansion drive.
The military-run operator’s Viettel Global subsidiary is planning to enter the two markets due to their large populations.
As of June last year, Indonesia had a population of 258 million while Nigeria had a population of 187 million. Viettel expects that this large addressable market will help establish the conditions that would allow it to expand to other markets in the future.
Viettel Global had a combined 24 million subscribers in nine overseas markets – Laos, Cambodia, East Timor, Cameroon, Haiti, Mozambique, Burundi, Peru, and Tanzania. The company reported revenue of $1.04 billion last year and is targeting $1.3 billion in revenue this year.
Viettel is also moving to enter the Myanmar market, having won the tender to be the 49%-owned partner to a consortium of local ICT companies that will become the market’s fourth operator.
But the company is facing tough competition in Africa from rivals such as Orange, MTN, Movistar, Claro, Digicel, and Axiata.
Questions & Answers
Q.Which specific entity within Viettel is responsible for its international expansion efforts?
Which specific entity within Viettel is responsible for its international expansion efforts?
Viettel Global, the military-run operator's subsidiary, is planning to enter the new markets as part of the international expansion drive.
Q.What is the primary reason cited for Viettel's interest in Indonesia and Nigeria?
What is the primary reason cited for Viettel's interest in Indonesia and Nigeria?
Viettel is planning to enter these two markets specifically due to their significantly large populations, which offer a large addressable market.
Q.How many overseas subscribers did Viettel Global have and across how many countries as of the last report?
How many overseas subscribers did Viettel Global have and across how many countries as of the last report?
Viettel Global had a combined 24 million subscribers across nine overseas markets, including Laos, Cambodia, and Peru.
Q.What is Viettel's financial performance like, based on the last reported figures?
What is Viettel's financial performance like, based on the last reported figures?
Viettel reported revenue of $1.04 billion last year. The company is targeting an increase to $1.3 billion in revenue this year.
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