On June 3, 2020, Mobicast Joint Stock Company, officially launched Reddi virtual mobile network running 055 number.
Mobile Virtual Network Operator (MVNO) operates on the model of not using ordinary bandwidth and frequency, but using the infrastructure of other telecommunications businesses to deploy mobile services to customers.
Sharing at the opening ceremony in Hanoi, Mr. Tran Nam Trung, CEO of Mobicast, said that the new technology is changing the business model of traditional telecommunications, voice and SMS services, promoting OTT model (Internet-based telecommunications applications).
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