Viettel offers to buy majority share in Haiti telecom

The military telecom group (Viettel) has offered to buy 70 percent of the Teleco Company-provider of international telecom products and services in the Republic of Haiti.

The Ministry of Information and Telecommunications website, ICTnews, cited the Haiti news agency as saying that Viettel’s 59 million USD offer is the only tendered document that meets all conditions.

The Vietnamese group also proposed to set up a 2,000km fibre cable network to expand broad Internet access to remote towns in Haiti.

The transaction is expected to be finalised in April, following up Viettel’s previous foreign market successes after gaining a firm foothold in both Cambodia and Laos.

Teleco is one of three largest providers of mobile services in the Caribbean country, which has a population of 8.1 million with an average per capita income of 1,317 USD in 2008.

After eight years of operation, Viettel has become one of the largest mobile service providers in Vietnam and the first telecom firm to provide services abroad.

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