Viettel, posted a profit of around 44 trillion VND last year, increasing 12 percent from the previous year. — (Photo: courtesy of Viettel)Hanoi (VNA) – The military-run telecom group Viettel posted a profitof around 44 trillion VND (nearly 2 billion USD) last year, increasing 12percent from the previous year.
At its conference to review activities held last weekend, Viettel announcedthat its total revenue reached 250.8 trillion VND in 2017, up 9.4 percent from2016.
Despite the group spending a big investment for its 4G network and the largestscale telecoms network in Myanmar, it still yielded a 12 percent increase inprofit in 2017.
Its overseas investment rose by 24.4 percent, six times higher than the worldaverage.
The local telecom business contributed 65.6 percent of the group’s totalrevenue, while its overseas investment contributed 12.5 percent.
Viettel also earned 12.5 trillion VND from its production of equipment,including 300 BTS 4G stations. In 2017, it had 25 licences of invention, threetimes higher than that of 2016 and took the third position in the country.
The giant telecom group contributed 41.1 trillion VND to the State budget,up 2.3 percent from the previous year.
Viettel also received important awards such as the most profitable firm inVietnam, the biggest taxpayer in the country and the company with the highestbrand value of 2.6 billion USD.
The group will target total revenues of 277 trillion VND in 2018, increasing10.5 percent from last year, and will expect profit to rise by 3.2 percent to 45.5trillion VND.
Its number of 4G subscribers this year is expected to hit 17 million.
It also plans to improve network quality to bring its 4G data speed to the top10 of the world.
Viettel will inaugurate its mobile phone services in Myanmar – its10th foreign market this year.-VNA
VNA
