The Swedish controlled mobile phone operator Mobifone on 10 December announced its one millionth subscriber on its GSM network in Vietnam.
“We are delighted to have reached this important milestone in subscriber numbers in Vietnam. There are strong growth prospects in this and our other markets because of current low penetration levels combined with our pre-paid, mass-market product offering,” says Marc Beuls President and CEO Millicom, the owner of Mobifone.
Millicom is controlled by the Swedish finance family Stenbeck. The Vietnam venture was one of first large foreign investments, for a long time the largest of all, when the Swedes went in there in the early 1990’s. Millicom does also own operators in neighbouring Cambodia and Laos.
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