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TMCNet:  PCCW and VNPT form strategic cooperation for exploring business opportunities

[January 31, 2013]

PCCW and VNPT form strategic cooperation for exploring business opportunities

Jan 31, 2013 (Datamonitor via COMTEX) -- PCCW, an operating division of HKT, Hong Kong's telecommunications service provider, and Vietnam Posts and Telecommunications Group, or VNPT, Vietnam's telecommunications service provider, have signed a Memorandum of Understanding, or MoU, to form a strategic cooperation to explore business opportunities in Southeast Asia and beyond.

This agreement serves to accelerate the development of bilateral cooperation between the two companies. They will collaborate in the delivery of a wide range of services, including Internet, satellite, voice, data, fixed-line, mobile, multimedia and IT solutions. They will also share experience in developing content services and value-added services.

Mr Stephen Pang, PCCW Global's Senior vice president of Asia and CIS, said, "PCCW Global is excited to jointly explore telecommunications opportunities with VNPT. This new cooperation combines the strengths and resources of both companies. It helps us deliver a seamless ICT service for our clients in Vietnam, and allows us to fully support VNPT as its customers enter into new markets." Mr. Nghiem Phu Hoan, Vice President of VNPT Group, said, "The MoU signed by VNPT and PCCW Global will lay the first foundation for the long-term and overall cooperation between the two sides in the coming time. I highly appreciate the goodwill of PCCW Global in cooperating with VNPT Group and I do believe that our cooperation will bring about mutual benefits to both sides, and benefits to our customers and our society in general." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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