Showing posts with label Cooperation with Viettel. Show all posts
Showing posts with label Cooperation with Viettel. Show all posts

Thursday, June 19, 2008

Taiwan telecom company to enter Cambodian market through the Vietcong's army telco Viettel

PHNOM PENH, June 19 (Xinhua) -- Chunghwa Telecom Co., the largest telecommunications operator of China's Taiwan, has announced plans to enter the Cambodian market, local newspaper the Cambodian Daily reported Thursday.

Chunghwa Telecom Co., which is traded on both Taiwan and New York stock exchanges and offer mobile phone and internet services, said recently that the company would collaborate with Viettel Co. in a 30 million U.S. dollars joint venture, the English-Khmer language daily said.

However, the company does not have any concrete plans in Cambodia so far, it added.

Khuon Bora, Viettel's deputy chief of marketing in Cambodia, said that details of the agreement with Chunghwa were unavailable.

Viettle began providing internet service in Cambodia at the end of 2007, but is still building infrastructure for its forthcoming 097 mobile phone network.

Thursday, June 12, 2008

Taiwan's Chunghwa foray into Cambodia telecom biz

Chunghwa Telecom Plans To Launch Telecom Services In Cambodia

June 12, 2008
By Nguyen Pham Muoi and Alex Pevzner
Dow Jones Newswires

HANOI -(Dow Jones)- Chunghwa Telecom Co. (CHT) plans to cooperate with Vietnamese operator Viettel to offer telecommunications services in Cambodia, Chairman and Chief Executive Ho Chen Tan said Thursday.

"Chunghwa Telecom is working with Viettel to offer telecom services in Cambodia," Ho Chen told Dow Jones Newswires in an interview on a sidelines of a telecom conference in Hanoi.

Chunghwa Telecom, Taiwan's largest phone company, has been looking overseas for growth, and has a 30% stake in an Internet data storage joint venture with Viettel, Vietnam's largest mobile operator by subscribers.

Viettel, which is run by the Ministry of Defense, is the only Vietnamese telecom company to have received permission to operate telecom services in Cambodia.

Ho Chen also said the company plans to finalize a plan to reduce capital by issuing new shares from the company's capital surplus and will submit a plan to the board by the end of June. He didn't elaborate on the size of the planned capital reduction.