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Viettel invests in AAE-1 submarine cable network
Date: 6/24/2016 2:45:41 PM
The military telecom group Viettel said it has spent 50 million USD 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 USD, 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 Vietnam and the world.
Viettel now operates in Vietnam and other nine countries in Asia, Africa and South America with 85 million clients. It earned 1.4 billion USD in revenue in foreign markets in 2015.
(Source:vietnamplus news)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
