Vietnam’s Viettel Nears Deal to Invest $800M in Yatanaporn Teleport

HANOI/YANGON — Vietnam’s Viettel Global and Myanmar’s state-backed Yatanarpon Teleport are awaiting approval for an investment of at least US $800 million to build Yatanarpon’s telecoms infrastructure, officials from both companies said on Friday. Myanmar—where communications were tightly controlled by the former military junta—is one of the world’s last telecoms frontiers, with just a small […]

Vietnam’s Viettel Global to invest in Myanmar

Viettel Global, the international investment arm of the military-run Viettel group, will cooperate with companies in Myanmar to establish Viettel Myanmar to implement the investment in a telecommunications network project in the Southeast Asian country. The decision came after a vote of Viettel Global’s shareholders in it shareholders’ meeting on last Wednesday. The total investment […]