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Viettel Corporation to enter pay-TV industry

Update: February, 11/2012 - 11:11

HA NOI — The Viettel Corporation has said it plans to enter the pay TV industry this year.

Viettel said it had become harder to accelerate profits at a time when the telecom industry was saturated.

"There is little room left for us to grow in the telecom industry, which encourages us to expand into the pay TV sector," Deputy CEO Nguyen Manh Hung told the Viet Nam Post Newspaper.

There are currently only 4.5 million pay TV subscribers in Viet Nam, a rate Hung said was too low compared to other countries.

"With many businesses expected to jump into the industry this year, the pay TV market is likely to boom," he said.-VNS

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