Bitel, a subsidiary company in Peru of Vietnam’s leading telco Viettel, has won the “Best New Telecom Product” at the 2019 International Business Awards – IBA Stevie Awards for its Ti5 package.
Illustrative photo.
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After a year of implementation, revenue generated from the Ti5 package accounted for 50% of Bitel’s total revenue from pre-paid subscribers.
In the first six months of 2019, the number of Bitel’s 4G subscribers increased by 139%, while the company was named as the most favorite telecom carrier in Peru in June.
Viettel is currently one of the world's top 15 largest telecommunications companies with 100 million subscribers globally.
With an annual growth of 10-15% by 2020, Viettel set revenue target of VND350 trillion-VND400 trillion (US$15.4-US$17.6 billion), pre-tax profit of VND50-55 trillion (US$2.18 - US$2.4 billion) and becoming one of the top 10 telecom firms in the world.
Viettel currently is the only Vietnamese company earning revenue of over US$1 billion in overseas markets. It has some 43 million clients in foreign markets as of the end of 2017, up 15% year-on-year.
The telco is operating in 11 countries, including Vietnam, Cambodia, Laos, Timor East, Peru, Mozambique, Cameroon, Burundi, Tanzania, Myanmar and Haiti.
In 2018, Viettel targeted a positive profit in overseas investments with a growth rate of 32% compared to tthat in 2017, while expanding its customer base in foreign markets to 50 million.
