Illustrative image (Source: nextpowerup)Hanoi (VNA) – M1Communication Limited Liability Company of the Military Industry and TelecomsGroup (Viettel) has become one of the original equipment manufacturers (OEM) receivingpermission to access leading mobile technologies of the US’s Qualcomm Inc.
Under an agreement signed onFebruary 23 between the two companies, M1 Communication Company has been allowed to use Qualcomm’s patents tomanufacture and sell finished 3G/4G devices, according to Quan doi Nhan dan(People’s army) newspaper.
This agreement is expectedto help boost the development of the smartphone industry and Internet of Things(IoT) of Vietnam while assisting the Vietnamese Government in reaching targetsset during the fourth industrial revolution and shifting to the digital economy.
Nguyen Dinh Chien,Viettel’s Deputy General Director, said the partnership will help the grouprealise its goal to become a world leading original equipment manufacturer by2020.
At present, Viettel isproviding its services in 12 countries in Africa, Asia and Latin America withmore than 100 million customers.
The military-run businessis producing about 30 percent of equipment used in its telecoms network. It aimsto manufacture all the equipment by 2020, turning Vietnam into one of the threelargest suppliers of telecoms equipment worldwide.
Viettel’s charteredcapital on January 5, 2018, was 121.5 trillion VND (5.35 billion USD). Thecapital will be increased to 300 trillion VND during 2015-2020.-VNA
VNA
