Viettel Global Wins Dominican Republic Spectrum, Enters 11th Market

Overview

Viettel Global (VGI) has successfully bid for spectrum rights in the Dominican Republic, marking its 11th international market and third in the Americas. The win, announced on August 21, 2026, positions the Vietnamese telecom operator to build a 4G/5G network in the Caribbean nation, expanding its global footprint.

Key Facts

• Viettel Global won 240 MHz of spectrum across 700 MHz, 2300 MHz, and C-Band bands.
• The spectrum license is valid for 20 years, enabling 4G/5G network development.
• The Dominican Republic becomes Viettel’s 11th international market and 3rd in the Americas.
• The auction was approved by INDOTEL (Instituto Dominicano de las Telecomunicaciones) under Resolution No. 073-2026 dated August 19, 2026.
• Viettel Global has 90 days to complete legal entity setup and sign the concession contract.
• The Dominican Republic has a GDP per capita of approximately USD 11,000, the second-largest economy in the Caribbean.
• Viettel’s international revenue reached USD 3.34 billion in 2025, up 23.9% year-on-year, marking the 9th consecutive year of double-digit growth.

What Happened

On August 21, 2026, Viettel Group announced that its subsidiary Viettel Global had won a spectrum auction in the Dominican Republic. The auction, conducted by INDOTEL, granted Viettel Global the rights to 240 MHz of spectrum across the 700 MHz, 2300 MHz, and C-Band frequencies. This spectrum will be used to deploy 4G and 5G mobile networks over a 20-year period.

According to the announcement, Viettel Global will complete the establishment of a local legal entity and sign the official concession contract within 90 days. The Dominican Republic, located in the heart of the Caribbean, is the second-largest economy in the region with a GDP per capita of about USD 11,000. The government expects Viettel’s entry to enhance competition and improve service quality for consumers. Guido Gómez Mazara, Chairman of INDOTEL’s Board, stated that the goal is to provide superior telecom services and optimize costs for citizens.

Market Context

VGI shares closed at VND 88,000 on August 21, 2026, on the UPCOM exchange. The stock has been supported by Viettel’s consistent international expansion, with the company already operating in 10 markets and holding leading market positions in 7. The Dominican Republic win adds a new growth vector in the Americas, a region where Viettel already has presence in Peru and Haiti. The broader Vietnamese telecom sector is mature domestically, pushing operators like Viettel to seek growth overseas, a strategy that has contributed significantly to the group’s revenue diversification.

Strategic Significance

This spectrum acquisition is a strategic milestone for Viettel Global, reinforcing its position as a leading international telecom operator from Vietnam. The Dominican Republic offers a dynamic economy with growing demand for high-speed mobile data and digital services, providing a substantial addressable market. The 20-year license ensures long-term operational stability, allowing Viettel to build a comprehensive digital ecosystem. This move aligns with Viettel’s broader strategy to expand into emerging markets where telecom penetration and data consumption are on the rise, potentially driving sustained revenue growth for VGI.

What to Watch

• Completion of legal entity setup and concession contract signing within 90 days.
• Network rollout timeline and initial service launch in the Dominican Republic.
• Capital expenditure plans for network construction and potential impact on VGI’s financials.
• Regulatory and competitive dynamics in the Dominican telecom market.
• Quarterly updates on international revenue growth and market share gains in the Americas.