Vietnamese telecoms giant nears completion of fiber optic cable network.
Viettel is in the final stages of establishing a mobile network in Tanzania, according to Deputy General Director Tao Duc Thang, which will open shortly. Its fiber optic cable now covers almost all of the African country, a feat existing network providers have been unable to accomplish.
Viettel targets becoming the third largest mobile network provider in the country within three years and the largest within five years, Director of Viettel in Tanzania, Mr. Nguyen Thanh Quang, said.
The Trade Promotion Agency of Tanzania (TIC) received an award for having the best investment projects in 2014 at the fifth annual investment meeting among Eastern, Western and Middle African countries. Viettel’s telecommunication project was a major factor in TIC picking up the award.
In 2014 Viettel gained approval to invest $736 million in the country. It has laid 12,000 km of fiber optic cable since with another 5,000 km to come. Over 2,000 base transceiver stations have also been built around the country.
Viettel Tanzania has the fastest investment pace among Viettel’s other global subsidiaries.