Vietnamese Viettel mobile network operator that functions under the Cameroon Nexttel brand, recently announced that the company has already invested more than 200 billion CFA Francs throughout the national territory in just ten months of its activity. The heavy injection of capital has led to a significant development of their network and enabled among others the setting up of 1200 BTS stations and 1600 sites that allows Cameroon's third mobile operator to reach out to all the 10 regions of the country.
Cameroon Concord understands Viettel is the first holder of a 3G license in Cameroon and has made major strive in its struggle to find its foot on a national mobile telecom market controlled since 2000 by MTN and Orange. In May 2015, Nexttel reported that it had gotten 2 million subscribers against 10.1 million for MTN Cameroon and 6.2 million subscribers for Orange Cameroon. The Vietnamese company obtained its license in 2012 but launched its activities only in September 2014.