Viettel to invest USD 600m in Ukraine

Vietnamese telecommunications company Viettel is expected to invest about U.S. $600 million in broadband development in Ukraine, Vladislav Kaskiv, director of Ukraine’s State Agency for Investments and Investment Project Management, told reporters on March 26.

The agency signed a memorandum with Viettel, under which the operator is expected to build a broadband network in Ukraine, Kaskiv said, adding that the project is expected to be implemented within five years.

Under the project, the agency plans to ensure the availability of computers at schools in Ukrainian rural areas and the availability of netbooks for all Ukrainian school students, Kaskiv said.

Viettel is Vietnam’s largest telecommunications operator with a total of more than 50 million subscribers.

(c) Prime-TASS

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