What benefits does Viettel get after winning the 5G spectrum auction worth more than 7,500 billion VND?

Viettel Military Industry and Telecommunications Group has just announced that it has officially successfully auctioned the right to use radio frequencies for the 2500 - 2600 MHz band for the next 15 years with a fairly large winning bid.

The 2500-2600 MHz frequency band that Viettel won the auction for is planned by the Ministry of Information and Communications to deploy mobile information systems according to 5G, 4G standards and subsequent technologies.

For Viettel, the 2500-2600 MHz frequency band is of particular importance, as this is an effective frequency band for this network operator to deploy simultaneously for both 4G and 5G mobile networks. This is also the optimal frequency band with a coverage area 1.3 times larger than the C band (3500 MHz).

Winning the auction is a necessary condition for Viettel to keep up with the world's telecommunications technology development trend, continue to develop the 4G network and switch to 5G technology.

Source: Viettel

Besides, this is also a roadmap to promote the development of national digital infrastructure, digital service ecosystem, creating new driving force for economic growth and increasing labor productivity.

Currently, 5G devices researched and manufactured by Viettel are ready to deploy on the 2500 - 2600 MHz frequency band. Viettel plans to launch the 5G network nationwide in the near future.

Previously, on January 11, 2024, the Prime Minister approved the Information and Communications Infrastructure Planning for the 2021-2030 period, with a vision to 2050 in Vietnam.

The plan sets a target of a minimum average download speed of 100 Mbps for 5G networks by 2025, and 99% of the population by 2030. To realize the above goals, 2024 is the ripe time to license commercial 5G spectrum.

The Ministry of Information and Communications has set out the direction that this is the year of universalizing digital infrastructure. Vietnam's digital infrastructure must have super-large capacity, super-wide bandwidth, be universal, sustainable, green, smart, open and secure.

This infrastructure must be prioritized for investment, modernization and being one step ahead to promote national digital transformation, develop the digital economy and digital society.

Source: https://nld.com.vn/viettel-duoc-loi-gi-sau-khi-trung-dau-gia-bang-tan-5g-tri-gia-hon-7500-ti-dong-196240309094330197.htm