260 million USD for S-Fone

10:03, 12/03/2006

SLD Telecom of the Republic of Korea and the Saigon Post and Telecommunication Services Corp. (Saigon Postel) will invest 260 million USD to expand S-Fone, the first CDMA-technology mobile phone service provider in Viet Nam.

SLD Telecom of the Republic of Korea and the Saigon Post and Telecommunication Services Corp. (Saigon Postel) will invest 260 million USD to expand S-Fone, the first CDMA-technology mobile phone service provider in Viet Nam.

 

S-Fone is expected to cover the whole country and carry out a series of new value-added services in late May.

 

By the third quarter of this year, S-Fone will provide subscribers with video-on-demand (VOD) and music-on-demand (MOD) services through mobile phones.

 

S-Fone users can enjoy many other services such as 240-character text messages, Internet access and mobile games.

 

S-Fone is left far behind in the market by Vinaphone, MobiFone and Viettel, with between 400,000 and 500,000 subscribers out of an estimated 12 million phone users in Viet Nam.

(Source: VNA)