VNPT launches communication joint-venture in Myanmar

Within a visit framework to Myanmar, Minister of Information and Communications Truong Minh Tuan yesterday attended in a launching ceremony of StreamNet Company in Yangon capital.

VNPT launches communication joint-venture in Myanmar

The opening made at cooperation between Vietnam Posts and Telecommunications Group (VNPT) and Elite Telecom Public Company Limited in Myanmar.

Speaking at the ceremony, the minister emphasized the StreamNet company's establishment is from negotiation and cooperation efforts between VNPT group and Elite Public Telecom Company. 
Chairman of VNPT's Members' Council Tran Manh Hung said that VNPT opened its representative office in Myanmar in 2014, aiming to develop its investment and business activities in Myanmar.

By 2015, VNPT became a partner of Elite Telecom Puplic Company. In September, 2017, StreamNet Company was officially established with total investment capital of US$ 15 million in the first phase, of these, VNPT contributed 67 percent and Elite Telecom was 33 percent over total capital. 

After StreamNet company is put into the operation, it will provide communication services including FTTx, Leased Line VPN, IP transit, satellite system, email, web hosting to the people of Myanmar.


BY TRAN BINH- Translated by Huyen Huong

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