Viettel Peru gains more than 24.5 million USD in 9 months
Bitel, a subsidiary of the Viettel Military Industry and Telecomes Group in Peru, reported that its total revenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of this year.
Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits (Photo: ictnew.vn)
Hanoi (VNS/VNA) - Bitel, a subsidiary of the Viettel Military Industry and Telecoms Group in Peru, reported that its totalrevenue reached 274.2 million USD and profit before tax of 24.5 million USD in the first nine months of thisyear.
Viettel Peru's profit before tax exceeded the plan and increased by 2.5times over the same period last year, while revenue growth reacheddouble digits.
Currently, Bitel is operated by the Viettel Foreign Investment Joint Stock Corporation (Viettel Global), butBitel's business results have not been incorporated into Viettel Global'sreport due to the law provisions in Peru.
Therefore, if calculating the total profit from foreign investmentactivities in the first nine months of this year made by Viettel Global, thefigure will be more than 91 million USD, of which, nine-month profit before tax is 66.5 million USD and Viettel Peru is 24.5 million USD.
According to the statistics of Osiptel, Peru’s Supervisory Agency forPrivate Investment in Telecommunications, in the context of other carriersgrowing slowly or declining market share this year, Bitel's market shareincreased by 1 percent and became the operator with the best market sharegrowth in Peru.
Currently Bitel has a 16.3 percent market share. Its general director PhanHoang Viet said that Bitel was expected to gain 18 percent market share next year.
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Viettel Peru's profit before tax exceeded the plan and increased by 2.5 times over the same period last year, while revenue growth reached double digits (Photo: ictnew.vn) 
