:: 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.
Dec 26, 2010
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Dec 2, 2010
PhilWeb inks deal for Internet gaming cafés, lotteries in Laos
BusinessWorld Online Edition: PhilWeb inks deal for Internet gaming cafés, lotteries in Laos
PhilWeb inks deal for Internet gaming cafés, lotteries in Laos
A UNIT of PhilWeb Corp. has signed a deal with the Simuong Group (SMG), an industrial conglomerate based in Vientiane, to jointly develop and operate Internet and mobile games of chance in Laos.
In a statement yesterday, the Roberto V. Ongpin-led PhilWeb said the venture will involve Internet gaming cafés similar to those operated by PhilWeb on behalf of state-owned Philippine Amusement and Gaming Corp. (PAGCOR), lotteries, and others.
“The games will operate under exclusive Lao People’s Democratic Republic (Lao PDR) government franchises, and will create new revenue channels to fund its infrastructure and social development projects,” PhilWeb said.
The memorandum of understanding between PhilWeb Asia-Pacific Corp. and the SMG group concluded a visit of the latter’s executives to Manila. The group was led by Ekaphanh Phapithak, president of SMG and son-in-law of the Lao PDR minister for defense and vice-prime minister.
The SMG group is engaged in infrastructure, development and design, import and export, auto dealership, hydroelectric engineering, mining, wood processing, and finance in Laos. The group was founded in 2000, about the same time as PhilWeb.
PhilWeb said this will be SMG’s first venture into the gaming business.
“Gaming is legal in Laos for foreigners, and is covered by provincial government franchises. Lao ‘border casinos’ today host players from Thailand, Vietnam, China and other countries,” said PhilWeb.
PhilWeb earned P477 million from the January to September period, 28% higher than the P373 million posted in the same period last year.
Revenues totaled P755 million, up by 30% from P580 million in January to September 2009.
The company remitted a total of P921 million to PAGCOR through the third quarter, representing the 60% PAGCOR share of the e-Games Internet Café and Internet Sports Betting Station businesses that PhilWeb has with the government regulator.
PhilWeb expects to remit over P1.3 billion to PAGCOR for 2010.
In August, PhilWeb said it was working on obtaining a gaming license in Cambodia.
PhilWeb inks deal for Internet gaming cafés, lotteries in Laos
A UNIT of PhilWeb Corp. has signed a deal with the Simuong Group (SMG), an industrial conglomerate based in Vientiane, to jointly develop and operate Internet and mobile games of chance in Laos.
In a statement yesterday, the Roberto V. Ongpin-led PhilWeb said the venture will involve Internet gaming cafés similar to those operated by PhilWeb on behalf of state-owned Philippine Amusement and Gaming Corp. (PAGCOR), lotteries, and others.
“The games will operate under exclusive Lao People’s Democratic Republic (Lao PDR) government franchises, and will create new revenue channels to fund its infrastructure and social development projects,” PhilWeb said.
The memorandum of understanding between PhilWeb Asia-Pacific Corp. and the SMG group concluded a visit of the latter’s executives to Manila. The group was led by Ekaphanh Phapithak, president of SMG and son-in-law of the Lao PDR minister for defense and vice-prime minister.
The SMG group is engaged in infrastructure, development and design, import and export, auto dealership, hydroelectric engineering, mining, wood processing, and finance in Laos. The group was founded in 2000, about the same time as PhilWeb.
PhilWeb said this will be SMG’s first venture into the gaming business.
“Gaming is legal in Laos for foreigners, and is covered by provincial government franchises. Lao ‘border casinos’ today host players from Thailand, Vietnam, China and other countries,” said PhilWeb.
PhilWeb earned P477 million from the January to September period, 28% higher than the P373 million posted in the same period last year.
Revenues totaled P755 million, up by 30% from P580 million in January to September 2009.
The company remitted a total of P921 million to PAGCOR through the third quarter, representing the 60% PAGCOR share of the e-Games Internet Café and Internet Sports Betting Station businesses that PhilWeb has with the government regulator.
PhilWeb expects to remit over P1.3 billion to PAGCOR for 2010.
In August, PhilWeb said it was working on obtaining a gaming license in Cambodia.
Nov 7, 2010
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Oct 22, 2010
ITU paves way for next-generation 4G mobile technologies
Newsroom • Press Release: "- Sent using Google Toolbar"
Oct 21, 2010
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