Altimo sees Vietnam as a strong strategic partner
08 Nov 2006
Altimo, the Russian leading telecom investment company announces its investment plans and strategies in Asia generally and in Vietnam particularly. Altimo’s presence at this time is (a) part of its long-term development strategies towards Vietnam.
"Vietnam and Russia have a long history of cooperation," said Altimo Senior Vice President Kirill Babaev, "Over the years, Altimo has partnered with many leading telecom organizations in the world and is now looking to bring together world-class equity investment expertise and Vietnamese leaders of Government and Telecom from our two nations. This collaboration should not only advance the growth of our nations, they will also reconfirm our relationship of mutual respect and friendship."
Altimo is currently eyeing with high concern to the opportunities in Vietnam. "We believe that Russia links Asia with Europe and we think that our experience on Eurasian TC markets will promote to Vietnam’s mobile sector development and prosperity of Vietnam’s economy in general. We have been always interested in Vietnam as an essential part of new dynamic Asia. This is an important and prioritized market with much association to Russian people. ” Mr. Babaev added.
Altimo will work to build and strengthen effective partnerships throughout the telecom community in Vietnam, and support international collaborations to expand and enhance leading-edge technology and customer service opportunities for Vietnamese mobile phone operators. The final steps for setting up our Altimo’s Hanoi Rep Office evidences Altimo’s long-term commitment for doing business in Vietnam. We hope that it will serve as our focal point for activities in South-Eastern Asia.
A key point of Altimo’s strategy is to partner mobile operators which have solid footprints in their local markets. This enables us to combine the business, customer base and local knowledge of a local operator with the world-class experience Altimo can offer, including our international network, advanced management expertise and leading businesses in emerging markets such as Russia, Ukraine and Turkey. We are looking for long-term, strategic partnerships to benefit of Vietnamese customers, local government and of course our partners.
"Perhaps the most enduring benefit of international collaboration in Telecom is its power to bring people together to pursue common goals and build ventures that contribute to nations’ prosperity and consumer satisfaction," Mr. Babaev said. Altimo is committed to the future of telecommunications of Vietnam and investing in innovative new technologies that bring modern communications to the largest number of people. Altimo will continue to invest and drive growth in telecommunications companies that have the potential to become one of the top providers in their home market.
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