Viettel Corporation may exceed the combined earnings this year of rival VNPT Group, operator of two major mobile service providers, Vinaphone and MobiFone.
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| Staff at Viettel's Customer Care Centre answer calls from customers. — VNA/VNS Photo Minh Tu |
In 2010, VNPT Group earned over VND100 trillion (USD4.8 billion), about VND10 trillion (USD480 million) higher than Viettel's earnings for the year. Last year , VNPT's earning were VND120.8 trillion (USD5.6 billion), but Viettel followed closely on its heels, with revenues of VND117 trillion (USD5.5 billion). With the narrowing gap between two telecom giants, industry insiders were expecting Viettel to soon outrun VNPT.
Viettel expected both its turnover and profits to both grow 20-25 per cent this year, said Dung, noting that the military-owned company had also expanded overseas, successfully developing telecom services in Laos, Cambodia, Haiti, Mozambique and Peru.
