Type Group (Tập đoàn) Net income $2 billion (2015) Revenue 11 billion USD (2015) Founded 2004 Headquarters Hanoi, Vietnam | Key people Nguyễn Mạnh Hùng Website vietteltelecom.vn Motto Say it your way Number of employees 80,000 | |
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Industry Mobile network operator Products Mobile networks, Telecom services Parent organization Vietnam Military Telecoms Company Subsidiaries Viettel Telecom, EVN Telecom Internet Profiles | ||
Viettel (full name in Vietnamese: Tập đoàn Viễn thông Quân đội) is Vietnam's largest mobile network operator. It is a state-owned enterprise wholly owned and operated by the Ministry of Defence.
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As of 2014, Viettel had 80,000 employees inside and outside the country, and served 63 million subscribers.
History
In 2015, Viettel introduced 4G services.
In 2010, Viettel introduced 3G services.
In December 2011, Viettel acquired EVN Telecom and officially finished transferring accounts one year later.
In 2012, Viettel started producing mobile phones, while discontinuing a co-operation with China's Huawei, which had previously produced Viettel phones. That same year, it made a profit from its foreign operations for the first time, mainly based on profits from Cambodia and Laos.
In 2013, VM has begun production of military-grade radio equipment for the PAVN. In 2014, the company announced that they are making UAVs.
In 2014, Viettel announced its plan to invest $1 billion in a 3G network in Tanzania.
Domestic
Viettel had a market share (estimated based on revenues) of 40.67% in 2012. Its main competitors are Vinaphone (owned by VNPT) with 30% market share and MobiFone with 17.9%. They control almost 90% of the market, with the rest controlled by Vietnamobile with 8%, Gmobile (formerly Beeline) with 3.2% and S-Fone with 0.1%. Viettel reported having 58.9 million customers, while Vinaphone and MobiFone estimated to have 70 million and Gmobile and Vietnamobile 10 million.
Viettel has developed telecommunication services in Laos, Cambodia, Haiti, Mozambique and Peru.
International
Viettel Global Investment JSC (Viettel Global) handles all the countries foreign investments. Viettel has successfully developed telecommunication services in three continents, Asia, Africa and the Americas. It made a profit from its foreign operations for the first time in 2012, mainly based on profits from Cambodia and Laos and recorded a $1.2 billion revenue from foreign operations in the year 2014.
The company plans to invest over $2.23 billion within the period of 2015-2017 for foreign expansion purposes. By 2017 the Viettel global market will cover an area of over 350 million potential subscribers. Viettel Global plans to sell 10% of its stake to obtain further capital to facilitate expansion and as of January 2015 had already begun laying infrastructure in Myanmar. The company focuses to expanding in developing countries and has anticipated expansion in Congo (DRC), Bangladesh, Nepal, North Korea, Belarus and Ukraine in the near future.
Subsidiaries and joint-ventures
Vietnam Military Telecommunications Group (Tập đoàn Viễn thông Quân đội), the parent of the Viettel brand, also owns a number of other companies.