Russia, Vietnam collaborate for trial LTE. Over $400 Mn to be invested in total..

If reports are to be believed, Russian company Antares has signed a deal with Vietnam Data Communications to build a trial Long Term Evolution (LTE) network in Vietnam. Antares is planning to invest a total of US$2 million in the 4G network.

Vietnam Data Communications will take the relevant license, and will take the responsibility for network equipment, which will apparently be supplied by China’s Huawei.

According to CEO of Antares, Andrey Glukhov, testing of 15 LTE base transceiver stations  will begin in Hanoi on 20 October, and will run for a period of two to three months.

According to Glukhov, in the next phase, the firm will invest US$ 27 million in the establishment of a joint venture controlled by Wagner. Although under Vietnamese law foreign firms are, at present, restricted to owning no more than 49% of a local company. The company is sure it will be able to resolve the issue.  In total, Glukhov estimates that the LTE network will require a total investment of US$400 million.