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April 02, 2015 12:49 AM ET

Diversified Telecommunication Services

Company Overview of Viettel Telecom Co

Company Overview

Viettel Telecom Co provides communication services in Vietnam. The company provides telecom services, including Internet, Fixed line services, VoIP (Voice over Internet Protocol), mobile and network leased line services. The company was founded in 2001 and is based in Hanoi, Vietnam. Viettel Telecom Co operates as a subsidiary of Viettel Corporation.

No 1 – Giang Van Minh

Ba Dinh

Hanoi,  

Vietnam

Founded in 2001

Phone:

84 4 6266 3211

Fax:

84 4 6273 1470

Key Executives for Viettel Telecom Co

Chief Executive Officer and Director
Compensation as of Fiscal Year 2014.

Viettel Telecom Co Key Developments

Megatech Engineering Emerge As Top Bidder For Stake In Telkom Kenya

Megatech Engineering, Inc. has emerged as the top bidder for 70% stake in Telkom Kenya Limited.Megatech had a competition from international firms including a Vietnam and a British consortium. Megatech placed a bid of KES 25 billion, while an unnamed British Group placed a bid of KES 16.3 billion and Viettel Telecom Co proposed KES 10.6 billion. Orange (ENXTPA:ORA) had in March 2014, appointed Lazard to help it find buyers. Several companies were said to have also placed offers for Telkom Kenya including Unitel GmbH & Co.KG. However, TMT Finance last week reported that Orange was yet to find a prospective buyer with an offer matching its expectation. "It is thought that Lazard is still seeking offers for the (Kenyan) unit, and is not yet holding advanced negotiations with any one party, with current bids much lower than the seller's expectations," a brief by TMT last week said. TMT reported Viettel as being considered one of the favorites for the Telkom Kenya deal. TMT said the Kenyan unit will be difficult to sell as the license conditions require the buyer to be a well-established operator. Any company that gets the deal will have to work with the government of Kenya, owner of the remaining 30% stake.

Investors Reportedly Eye Telkom Kenya

Megatech Engineering, Inc. and Viettel Telecom Co are negotiationg with Orange (ENXTPA:ORA) to acquire 70% stake in Telkom Kenya Limited, people familiar with the matter said. If successful, the deal could offer it an exit route from the local telecoms scene. People familiar with the matter said Megatech Engineering are currently conducting due diligence on the business, hoping to conclude the deal by the end of July. "I can confirm that France Telecom is in talks with three firms, Mega-tech being one of them, and is currently doing due diligence," said a source who did not want to be named. "France Telecom is actually looking for someone to buy its entire 70% stake in Telkom Kenya and this could be concluded by end of July," said the source. The two firms are among three said to have expressed interest in Telkom Kenya. The Business Daily could not confirm the identity of the third firm, but sources indicated that it was Nigerian telecoms operator, Emerging Markets Telecommunication Services Limited. Francis Wangusi, the Communications Authority of Kenya (CAK) director- general, recently told the Business Daily that neither France Telecom nor Telkom Kenya had filed the no objection notice with it as required by law, implying that the negotiations are still at a very early stage. "We (the authority) have not heard anything at the moment, but if there is such a deal it must be at the negotiation stage," Wangusi said. Telkom Kenya chief executive Mickael Ghossein has previously denied knowledge of France Telecom's plan to exit Kenya, insisting that it was merely looking for a partner to inject cash.

Mopay Signs Carrier Billing Agreement with Viettel Telecom

mopay and Viettel Telecom have signed a strategic carrier billing partnership. The agreement will enable mopay's international merchant portfolio to allow Viettel's 58 million strong user base to transact with mopay. Easy and reliable purchases of digital goods that are billed through the Viettel phone bill can now be processed. mopay's regional office in Hanoi has engaged with Viettel to take on the challenge of opening the Vietnamese carrier billing market to international digital brands. Three factors have served to bring mopay and Viettel together: the sheer size of the local Vietnamese mobile market, which has the eighth high number of mobile phone subscribers in the world; the steep growth of smart phones by more than 156% over the last three years; and the openness of Vietnam's leading carrier to fully embrace the carrier billing opportunity. mopay will introduce its platform with a direct integration into Viettel's billing platform to ensure a best-in-class user experience, as well as access to superior commercial deals currently available through its merchant base. The mopay payment process that Vietnamese users will experience is very simple. When purchasing a digital or virtual item online, consumers choose mopay as their payment method. mopay only needs a verified mobile phone number to bill the requested amount. No registration or further information is needed. All user interfaces, such as PC screens, tablets and mobile phones, are supported in order to make the payment method adapt to different usage scenarios. On a global scale, it is still the easiest way to pay for music, games, virtual items, or even tickets.

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