PANO – Movitel, a joint venture between the Vietnamese Military Telecommunication Group (Viettel) and Mozambique’s SPI Invespar Company, has received an investment license in the African country, according to Viettel Group.
After receiving the license, Viettel sent a delegation to Mozambique to carry out large projects. Movitel plans to invest nearly 400 million USD to build its infrastructure with 4,500 2G base transceiver stations and 1,200 3G base transceiver stations to meet the demand for local people in all areas of the country.
Movitel plans will introduce many communication services with cheap prices in Mozambique. The company targets to be one of the largest telecom firms in the market after one year operation.
Mozambique is the fourth foreign country in which Viettel has invested, after Cambodia, Laos and Haiti.
Translated by Duy Minh
Source: QDND
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