Millicom Plans to Cooperate with MobiFone

Millicom, a subsidiary of Sweden’s Kinnevik group, wants to cooperate with the Vietnam Post and Telecommunications Group (VNPT) to establish the International MobiFone Company to invest in Cuba as announced in the meeting between Chief Executive Officer of Millicom, Marc Beuls, and the Minister of Post and Telematics,Do Trung Ta, on May 25, 2007.
Beuls expressed the willingness to provide solutions to manage pre-paid mobile phone subscribers that his company has applied in Senegan under the request of Minster Do Trung Ta.
If this idea is approved, MobiFone will be the second mobile phone network in Vietnam going abroad. Previously, Viettel Mobile was licenced to provide mobile phone services and some other telecom services like fixed phone and Internet in Laos and Cambodia.
Millicom specialises in telecom business with turnover of US$1.6 billion in 2006. The company expects to earn around $2.6 billion of revenue with a growth rate of 99% this year.

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