The military telecom group (Viettel) has offered to buy 70 percent of the Teleco Company - an international telecom services provider in the Republic of Haiti.
The Ministry of Information and Telecommunications website, ICTnews, cited the Haiti news agency as saying that Viettel’s US$59 million offer is the only tendered document that meets all conditions.
The Vietnamese group also proposed to set up a 2,000km fibre cable network to expand broad Internet access to remote towns in Haiti .
The transaction is expected to be finalised in April, following Viettel’s previous foreign market success after gaining a firm foothold in both Cambodia and Laos .
Teleco is one of three largest mobile service providers in the Caribbean country, which has a population of 8.1 million with an average per capita income of US$1,317 in 2008.