VNPT to invest a billion dollars on broadband

VietnamNet Bridge reports that incumbent operator Vietnam Post and Telecoms Group (VNPT) intends to invest USD1 billion in 2008 on the development of its broadband network, upping capacity to 200Gbps by mid-2008, and 300Gbps later on. The telco hopes to attract 1.5 million broadband internet subscribers by the end of the year, bringing in revenues of VND2.25 trillion ( USD140.6 million). VNPT is currently building an NGN network and replacing its current optical cable system to enable the development of its broadband network in the future.

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