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Metfone operator plans for big foreign revenue

Metfone operator plans for big foreign revenue

Viettel Group, the Vietnamese military-owned operator of Cambodian mobile operator Metfone, expects to pull in $1.4 billion in revenue this year from overseas investments, Vietnamese state-owned media reported yesterday.

The report claims Viettel has 50 million subscribers in foreign markets, a 35 percent increase compared to the same time last year.

The company operates in Cambodia, Laos, East Timor, Peru, Haiti, Burundi, Mozambique, Tanzania and Cameroon, and has plans to launch operations in Myanmar after securing a telecom licence earlier this year.

Viettel put Metfone’s current subscriber base at 7 million, according to the report. It previously claimed to have over 11 million subscribers in Cambodia.

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