In 2009, Haiti’s national telecom company – Teleco – was rapidly losing market share and nearly $1.5 million a month in public funds. IFC helped the Government of Haiti and Viettel form a partnership that has turned around the fortunes of the company. Today, the new company – Natcom Haiti – has gone from 75,000 customers to 1.8 million and is turning a profit for both Viettel and the government.
On April 29, 2010, the Central Bank of Haiti (Banque de la République d’Haïti or BRH) signed an agreement with Vietnam’s largest mobile telephone operator, Viettel, to significantly expand telecommunications services in the earthquake-ravaged country. The public-private partnership is expected to modernize Teleco, help improve the company’s technical and financial capacities, modernize its infrastructure, and provide new services to its customers
Before the 2010 earthquake, only one in three Haitians had a mobile phone, and fewer than one in 100 had access to the internet. Now, the mobile phone is ubiquitous, with many Haitians using it to access the internet and build their businesses.