Viettel in Peru: Profit grows strongly over 10% annually, announcing 5G testing

Bitel’s 5G network speed was verified through a stage test and was directly experienced by all the attendees. Accordingly, the download speed is 1,506 Mbps and the upload is 78,7 Mbps. Bitel General Director, Mr. Phan Hoang Viet affirmed that by 2020 Bitel will reach 18% market share and continue to invest in bringing new technologies to serve the digital future for this American country. At the event, Peru’s Telecommunications Regulatory Authority (Osiptel), Rafael Muente Schwarz congratulated Bitel on the 5th anniversary and successfully tested 5G. Mr. Rafael highly appreciated Bitel for bringing advanced technologies to millions of Peruvian people, he also stated that the arrival of Bitel has intensified competition, helped the Peruvian telecommunications market develop rapidly.

Entering the Peruvian telecom market for 5 years, Bitel has become a familiar name to Peruvian telecom users with the impression that it is the best service provider with many creative policies and products. According to a survey conducted by a reputable unit in Peru, Bitel is a favorite network in Peru and is highly appreciated by customers for good quality 4G network service, competitive rates and customer care. thoughtful. With the “To give first” strategy, Bitel has focused investment and infrastructure, building fiber optic networks and broadcast stations throughout Peru and becoming a network with a growth rate. faster than other carriers. Currently Bitel is a large network operator in Peru with more than 35,000 km of fiber optic cable, large data coverage in Peru with nearly 5,300 3G stations and 3,400 4G stations. Although business in a country with GDP many times higher than Vietnam and mobile density has passed the saturation threshold (over 110%), Bitel still makes its own place in this fastidious telecommunications industry.

In 2019, in the context of other carriers growing slowly or declining market share (Entel grew by 0.1%, Movistar decreased by 0.2%, Claro decreased by 0.9%), Bitel’s network market share grew 1 % (according to statistics of OSIPTEL – Peru Telecommunication Authority), is a network operator with good market share growth in Peru. Accumulated to the present time Bitel reached 16.3% market share. In terms of revenue, Bitel has had its own revenue enough to cover all costs and profit with a double-digit growth rate (over 10%). In the first 9 months of this year, Bitel’s profit before tax exceeded the plan and increased 254% compared to the same period last year. One of Bitel’s outstanding achievements in the first 9 months was success in developing customers with high ARPU such as customers using 4G data (up from 31% to 48%) and postpaid customers (up from 39% to 42.5%).