VIENTIANE: Lao Telecommunication Public Company, widely known as Lao Telecom, plans to invest US$17.29 million in its telecommunications service network in 2025, an increase from the US$15.74 million invested in 2024.
This announcement was made at the company's 2024 annual work summary meeting held on Thursday (Feb 20) at its Vientiane headquarters. The meeting was led by Director General of Lao Telecom, Souphol Chanthavixay, with Minister of Technology and Communications, Prof. Dr Boviengkham Vongdara in attendance.
According to Deputy General Director of Lao Telecommunication Public Company, Alounnadeth Barnchit, Lao Telecom aims to both retain current customers and attract new ones in 2025. The US$17.29 million investment will focus on enhancing and expanding mobile and fixed broadband services to improve customer service in terms of quantity and quality, ensure data security, and modernise systems to support social services, aligning with the strategic vision of advancing towards the Lao Digital Life era.
Alounnadeth Barnchit also presented a summary of Lao Telecoms 2024 business performance, highlighting a US$15.74 million investment in expanding the telecommunications network. Lao Telecoms network includes 2G, 3G, 4G, and 4.5G mobile stations nationwide, with 5G available in major cities and Fiber-to-the-Home (FTTH) services accessible nationwide.
These factors have enabled Lao Telecom to expand its customer base to over 3.3 million mobile broadband (MBB) and fixed broadband (FBB) subscribers.
Lao Telecom has also improved regulations and social welfare policies for employees. Additionally, the company has continued to provide equipment and internet access for distance learning and remote conferences for various Party-State organisations.
Approximately 265 guests from the headquarters, provincial branches, Lao Mobile Money Sole Company Limited, and TPLUS Digital Sole Company Limited attended the annual meeting. - Vientiane Times/ANN
