Lao Telecom to inject over 200 bln kip into network expansion

:: KPL :: Lao News Agency

Lao Telecom to inject over 200 bln kip into network expansion

(KPL) The Lao Telecom will invest in the expansion of its network this year for a total sum of 240 billion kip or USD 30 million.

Under the 2011 plan, the company – a major telecommunication service supplier, also sets its target of income growth by 30 per cent of the 2010’s total income and increases its tax obligation and dividend by 32.5 per cent.

The plan was unveiled at its an annual meeting held in Vientiane Capital on 2 February, under the co-chairmanship of Minister to the Prime Minister’s Office, Ms. Bounpheng Mounphosay, Minister to Prime Minister’s Office, Mr. Khamlouad Sithlakhone who is also Director of the National Post and Telecommunication Office, Minister to the Prime Minister’s Office, Mr. Saisengly Tengbliachue who is also Head of the Business Overhaul Committee.

The meeting was participated by over 200 officials of the Lao Telecom.

The meeting has unanimously endorsed a report of 2010 business operations and 2011 direction of the company, which was proposed by Director of Lao Telecom, Mr. Thongsay Sanesaya.

Over the past one year, the Lao Telecom has expanded its telecom network as set by the target, provided various service options to customers, improved internet via the 3G mobile up from 7 to 14 megabytes per minute offering various options of multimedia including sound and picture, Mr Thongsay highlighted. All activities proved the accomplishments of the Lao Telecom in many fields over the past one year.

Presently, the Lao Telecom state enterprise is developing high-speed internet with support capacity of the 4G mobile that will serve customers in the future, he went on.

The company has provided information to customers through the call centre No 101 and one stop service ISO 9001: 2008. This certifies that the company to be number one for providing telecom service to customers in society. In 2010, the company generated income of 733.3 billion kip after tax payment, and had net profit of 145.7 billion kip and paid taxes of 284.16 billion kip to the government.

The company holds 49 per cent in the market share with more than 1.5 million of Lao Telecom phone numbers.

Last year, the Lao Telecom approved its plan of investment expansion phase 18 with a total investment of USD 27.75 million.