The General Director of the Vietnam Post and Telecommunications Group (VNPT) said that the equitisation of VinaPhone information mobile network is only performed after the equitisation of MobiFone is finalised.
The General Director said that the equitisation scheme of VinaPhone is being designed. VNPT is now focusing on the equitisation of MobiFone and when this task is complete, the group will apply lessons that it learns from MobiFone equitisation to apply for VinaPhone.
“We can’t perform equitisation of the two mobile phone networks at the same time when we don’t have any experience,” he said.
The equitisation of VinaPhone and MobiFone was permitted by the Government in early 2005. But until now, MobiFone is still seeking a suitable consultant and a strategic investor. MobiFone’s shares will be listed on the bourse in 2008 at the earliest time. Thus, till late 2008, VNPT can think of the equitisation of VinaPhone.
Hoang Trung Hai, VinaPhone Director said that the difficulty for the equitisation of VinaPhone is that this network is not independent in term of finance. Its business closely depends on the system of 64 post offices of 64 provinces and cities in Vietnam. To prepare for equitisation, VinaPhone will have to consider turnover, tasks, etc. for each province, which takes time and is very complicated.
According to Mr Hai, investors are enthusiastic for stocks of telecom companies. VinaPhone has received many investors who want to buy its stocks though the firm is not been equitised yet.
“However, we can’t tell before hand because we don’t have guidance from the leaders of VNPT,” VinaPhone Director said.
Source: VNE
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment