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Thai telecoms giant eyes lucrative VN mobile market

Update: August, 15/2012 - 09:43

HA NOI - Thai communications conglomerate True Corporation was considering investing in a communications project in Viet Nam in 2015, the Bangkok Post reported.

The newspaper said Thailand's third largest mobile operator would come to Viet Nam after the formation of the ASEAN Economic Community (EAC), which is expected to be officially established in 2015.

According to the Bangkok Post, True Corporation plans to become an integrated telecoms services provider in Viet Nam by seeking a communications infrastructure and network license.

Established in 1990, the company is also a large cable TV provider and internet service provider in Thailand. Its services are also available in Cambodia, Laos and Malaysia.

There is fierce competition in Viet Nam's telecoms market, and there have already been a number of casualties.

While Russian telecoms giant Beeline had to withdraw in April, Vietnammobile is seeking a Government bailout.

SFone last month made most of its employees redundant in order to end its Business Co-operation Contract (BCC) mechanism and change to a limited liability company.

The Vietnamese telecoms market, which has 135 million phone subscriptions, is dominated by VinaPhone, MobiFone, and Viettel, which hold a combined 95 per cent market share, while Beeline, Vietnammobile, and S-Fone share a minuscule 5 per cent. - VNS

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