Viettel invests in AAE-1 submarine cable network

tohang

The military telecom group Viettel said it has spent US$50 million to connect the AAE-1 international submarine cable network with its station in the southern province of Ba Ria-Vung Tau. 

A section of the AAE-1 international submarine cable in Viet Nam. — Photo ictnews.vn
HA NOI (Biz Hub) — The military telecom group Viettel said it has spent US$50 million to connect the AAE-1 international submarine cable network with its station in the southern province of Ba Ria-Vung Tau. 

The 23,000 km system, stretching across Asia, Africa and Europe, costs an accumulated $820 million, financed by 20 partners from 18 countries worldwide. 

After operational, scheduled for late 2016, the network is expected to significantly enable the group to establish sound international connection infrastructure, meet domestic increasing demands for broadband internet and connect the African nations where Viettel has invested in, like Tanzania and Burundi, with Europe. 

The system plays an important role in ensuring the safety of the group's international connection as well as national information security, and maintaining undisrupted connection between Viet Nam and the world.

Viettel now operates in Viet Nam and other nine countries in Asia, Africa and South America with 85 million clients. It earned $1.4 billion in revenue in foreign markets in 2015. — VNS

  • Share:

see also

Nghệ An Province anticipates record FDI amidst economic upswing

Nghệ An Province anticipates record FDI amidst economic upswing

This places the province among the top 10 nationwide in FDI attraction, showcasing its increasing appeal to international investors.
Vietnamese enterprises adapt to green logistics trend

Vietnamese enterprises adapt to green logistics trend

Principal of the School of Business at the National Economics University, Associate Professor Dr Tạ Văn Lợi, talked to Vietnam News Agency about solutions for domestic enterprises to become more green in terms of logistics.
Forestry exports set a record of 17.3 billion

Forestry exports set a record of $17.3 billion

Việt Nam''s forestry export turnover is estimated to reach a record of US$17.3 billion in 2024. 
Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

The UKVFTA and the UK’s official participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from December 15 are creating significant opportunities for Việt Nam to expand exports to the UK. However, the risk of trade defence investigations...
Businesses launch Tết gifts at affordable prices

Businesses launch Tết gifts at affordable prices

In the context of a gradual economic recovery and people tending to tighten spending, a series of affordable Tết gift baskets have been launched by businesses with diverse designs.