Viettel to invest in Haiti investment despite earthquake

www.WirelessFederation.com/news: Emphasizing its commitment towards the disaster hit Haiti, Vietnam’s largest cellular network operator by subscribers, Viettel has announced to continue the planned investment amidst catastrophic damage due to earthquake. Viettel will invest USD60 million to supplement Teleco’s USD40 million investment in the project.

According to deputy general director of Viettel, Nguyen Manh Quan, earlier this year, the company inked a deal to partner Haitian incumbent fixed line operator Teleco in a project installing a 2,000km terrestrial fibre-optic cable network which would bring broadband internet access to remote parts of the island nation.

Just before the lethal earthquake struck the country, Viettel has been on the verge of completing a deal to acquire a majority stake in Haiti’s cash-strapped PSTN provider in January.