VNPT incurs huge losses through falling fixed line demand

Wednesday 16 January 2013 | 09:54 CET | News
Vietnamese telecommunication services provider VNPT said it has incurred large losses because of the decreasing demand for its fixed line telephone services, reports The Viet Nam News. The state-owned company said its number of fixed line telephone subscribers has declined from 13 million to 5 million because of the increasing popularity of mobile phones. Vu Tien Duong, deputy head of VNPT's business department, said that each year, VNPT has lost about 25 percent of its fixed line subscribers and most of the customers use the service as a back-up connection.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: VNPT
Countries: Vietnam
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


VNPT told to accelerate restructuring

Published 13 Aug 2013 15:36 CET | Vietnam
Vietnamese Prime Minister Nguyen Tan Dung has asked Viet Nam Posts and Telecommunications Group (VNPT) and its newly-appointed ...

VNPT adds messaging to IPTV service

Published 04 Jun 2013 03:04 CET | Vietnam
Vietnam Post and Telecommunications Group (VNPT) has expanded its new MyTV-branded IPTV product with messaging. With the TV ...

VNPT allowed to provide 132 pay-TV channels

Published 20 May 2013 02:17 CET | Vietnam
Vietnam Post and Telecommunications Group (VNPT) has received permission from the Ministry of Information and Communication (MIC) ...

Viettel's earnings surpass VNPT

Published 27 Dec 2012 01:50 CET | Vietnam
Vietnamese military owned telecommunications provider Viettel has seen its earnings surpass rival VNPT Group for the first time. ...

VNPT to cease pay phone service

Published 19 Dec 2012 10:04 CET | Vietnam
State-owned telecommunications operator Vietnam Posts & Telecommunications (VNPT) Group has decommissioned all pay phones ...

Viettel maintains target for VND 140 trln in revenue in 2012

Published 20 Nov 2012 10:15 CET | Vietnam
Vietnamese operator Viettel has maintained its target for revenues this year of VND 140 trillion and expects to post a profit of ...

Vietnam asks VNPT, Viettel to hold off price hikes

Published 13 Jul 2012 04:21 CET | Vietnam
Vietnam's ICT ministry has asked communications providers VNPT and Viettel to delay price increases for leasing infrastructure. ...

VNPT to stop dial-up internet service in July

Published 20 Jun 2012 04:15 CET | Vietnam
Vietnam Post and Telecommunications Group (VNPT) will stop offering dial-up internet services from 15 July this year as ...