By Emmanuel Tumanjong
YAOUNDE, Cameroon--Viettel Cameroun Sarl, the local unit of Vietnamese telecommunication company Viettel, will invest about 200 billion CFA francs ($393.9 million) in Cameroon's telecommunications industry, said Minister of Telecommunications Jean Pierre Biyiti Bi-Essam.
The statement late Monday followed news that Viettel has been chosen by the government as the country's third mobile telephone operator.
Viettel will be competing against Orange, controlled by France Telecom (>> FRANCE TELECOM), and South Africa's MTN Group Ltd. (MTN.JO), which have nine million subscribers among Cameroon's 20 million inhabitants.
Viettel "will be covering some 81% of the national territory [in Cameroon] when it goes operational; and will use second and third generation technologies," said Mr. Bi-Essam.
India's Bharti Airtel Ltd. (532454.BY), Maroc Telecom (IAM.CL) and Korea Telecom were among Viettel's rival bidders for the mobile telecom tender that was launched earlier this year.
Write to Emmanuel Tumanjong at firstname.lastname@example.org
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