Telemor – Viettel Group’s subsidiary in Timor-Leste is the winner of “Startup of the year” Award in International Business Awards 2014, being the first company of Viettel making profit after launching only six months.
Paris, France (10th October 2014) – Today at the Gala event of The 11th Annual International Business Awards held at the Westin Vendôme Hotel in Paris, France, Telemor - subsidiary of Viettel Group in Timor-Leste is presented to be the Siver Winner of “Startup of the year” Award.
Telemor – a young telecom operator in Timor-Leste has made a strong impression on the Judges because of its significant achievements just within the first year of business operating since its launching on July 2013. Telemor has covered mobile services to 96% of Timor-Leste population. Its subscribers has grown dramatically catching up with the number of subscribers that its competitor developed in more than 10 monopolized years, increasing the mobile penetration of Timor-Leste from 33% to 75% population. The appearance of Telemor has brought up a remarkable change to the telecommunications of Timor-Leste, as The Prime Minister of Timor-Leste Xanana Gusmao said: “Telemor has quickly created remarkable differences and changes”. Telecom services (mobile 2G and 3G, internet) are now accessible to every population thanks to Telemor’s good price, wide coverage and strong supplying chain to each village, even the remote areas.
Telemor had to compete with more than 3,500 nominations from organizations and individuals in more than 60 nations to be presented “Startup of the Year” award, an encouraging recognition of Telemor’s effort and success as leading innovative operator in the market. Among others, this is the first project of Viettel to make profit after only 6 months running business.
Telemor is the 5th offshore investment projects of Viettel Group with total value of USD 15 millions. Another subsidiary of Viettel – Movitel in Mozambique also dramatically won the Award “Fastest growing of the year in Middle East and Africa”.
Viettel has been granted telecommunications in 9 countries with total population of over 160 millions, total investment value of USD 1.5 billions. 5 subsidiary companies in Cambodia, Laos, Haiti, Mozambique and Timor have provided services. 2 companies in Peru and Cameroon is going having official launching on October 2014. The other 2 in Burundi and Tanzaniaare under infrastructure deployment of their networks.
Total revenue from overseas business of Viettel reached USD 1 billion in 2013 with around 11.5 million subscribers, bringing in more than USD 180.5 million accumulated profits.
Bui Thi Phuong Thao (Ms)
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