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
Showing posts with label Vinaphone. Show all posts
Showing posts with label Vinaphone. Show all posts
Tuesday, June 26, 2007
Tuesday, June 19, 2007
Burning race to invest in telecom
Foreign telecom firms have made some moves in Vietnam: investing in Vietnamese telecom companies by purchasing stocks. However, it is said to be difficult because the supply is limited.
In September 2006, in a press conference before the Vietnam Telecom 2006 exhibition in HCM City, the chief representative of France Telecom, frankly stated: “We want to buy stocks of some Vietnamese telecom companies, for example stocks of mobile information companies like MobiFone, VinaPhone…”
Ten months have passed and many moves have been made, perhaps including clandestine negotiations among related sites, and the ‘faces of giants’ have gradually appeared.
In early May 2007, Norway’s Telenor, the biggest mobile information and television service provider in northern Europe, sponsored the “Mobile Vietnam 2007” event in Hanoi and expressed its plan to invest in Vietnamese mobile information firms.
On May 29, in a press conference in HCM City on its social charity programmes in Vietnam, a representative of SK Telecom said that the firm wanted to equitise the CDMA technology-based S-Fone mobile information network, a business cooperation project with Vietnam’s Saigon Telecom JS Company.
On June 13, at the press conference to introduce the Vietnam Comm 2007 exhibition in HCM City, Bui Quoc Viet, Director of the Postal Information Centre of the Vietnam Post and Telecommunications Group (VNPT), said: “Many foreign telecom groups have opened representative offices in Vietnam to wait for opportunities to invest in mobile information companies.”
According to some sources, American telecom groups want to buy stocks of Vietnam’s mobile information companies through Korean and Taiwanese firms.
Three mobile information firms that are targeted by foreign telecom groups – MobiFone, VinaPhone and Viettel Mobile – will sell stocks in the near future.
Bui Quoc Viet, Director of the VNPT’s Postal Information Centre, said that under the current rules, foreign investors couldn’t buy more than 49% of the stocks of Vietnamese mobile information firms. By the end of 2008 or early 2009, foreign investors will be allowed to make joint ventures with Vietnamese partners and after 2010 they can establish wholly foreign-owned firms in the telecom field in Vietnam.
In the race to invest in Vietnam’s mobile information companies, France Telecom has the advantage of being an early comer. It is now the second largest mobile information service provider in Europe, with 88 million mobile phone subscribers, 48 million fixed phone subscribers and 11 million Internet subscribers in 220 countries and territories. Its revenue was Eur49 billion in 2005.
Another big rival is NTT-DoCoMo from Japan, which has more than 50 million mobile phone subscribers and 135 million Internet subscribers. This group began its world expansion strategy in 2005 through modern value added services for mobile phone subscribers.
Norway’s Telenor has opened a representative office in Vietnam but its name is not popular. This group has more than 40 million customers in Asia and in the first quarter of 2007, Telenor boosted its investment in this region with more than $350 million of investment capital, up 40% over the same period of 2006.
Other big names that have opened representative offices in Vietnam are VodaPhone of the UK and Lucent of France.
The participation of big names in the race to invest in mobile information companies in Vietnam has made the competition fiercer but they still have to wait till Vietnamese companies announce the names of their foreign partners.
Source: VNE
In September 2006, in a press conference before the Vietnam Telecom 2006 exhibition in HCM City, the chief representative of France Telecom, frankly stated: “We want to buy stocks of some Vietnamese telecom companies, for example stocks of mobile information companies like MobiFone, VinaPhone…”
Ten months have passed and many moves have been made, perhaps including clandestine negotiations among related sites, and the ‘faces of giants’ have gradually appeared.
In early May 2007, Norway’s Telenor, the biggest mobile information and television service provider in northern Europe, sponsored the “Mobile Vietnam 2007” event in Hanoi and expressed its plan to invest in Vietnamese mobile information firms.
On May 29, in a press conference in HCM City on its social charity programmes in Vietnam, a representative of SK Telecom said that the firm wanted to equitise the CDMA technology-based S-Fone mobile information network, a business cooperation project with Vietnam’s Saigon Telecom JS Company.
On June 13, at the press conference to introduce the Vietnam Comm 2007 exhibition in HCM City, Bui Quoc Viet, Director of the Postal Information Centre of the Vietnam Post and Telecommunications Group (VNPT), said: “Many foreign telecom groups have opened representative offices in Vietnam to wait for opportunities to invest in mobile information companies.”
According to some sources, American telecom groups want to buy stocks of Vietnam’s mobile information companies through Korean and Taiwanese firms.
Three mobile information firms that are targeted by foreign telecom groups – MobiFone, VinaPhone and Viettel Mobile – will sell stocks in the near future.
Bui Quoc Viet, Director of the VNPT’s Postal Information Centre, said that under the current rules, foreign investors couldn’t buy more than 49% of the stocks of Vietnamese mobile information firms. By the end of 2008 or early 2009, foreign investors will be allowed to make joint ventures with Vietnamese partners and after 2010 they can establish wholly foreign-owned firms in the telecom field in Vietnam.
In the race to invest in Vietnam’s mobile information companies, France Telecom has the advantage of being an early comer. It is now the second largest mobile information service provider in Europe, with 88 million mobile phone subscribers, 48 million fixed phone subscribers and 11 million Internet subscribers in 220 countries and territories. Its revenue was Eur49 billion in 2005.
Another big rival is NTT-DoCoMo from Japan, which has more than 50 million mobile phone subscribers and 135 million Internet subscribers. This group began its world expansion strategy in 2005 through modern value added services for mobile phone subscribers.
Norway’s Telenor has opened a representative office in Vietnam but its name is not popular. This group has more than 40 million customers in Asia and in the first quarter of 2007, Telenor boosted its investment in this region with more than $350 million of investment capital, up 40% over the same period of 2006.
Other big names that have opened representative offices in Vietnam are VodaPhone of the UK and Lucent of France.
The participation of big names in the race to invest in mobile information companies in Vietnam has made the competition fiercer but they still have to wait till Vietnamese companies announce the names of their foreign partners.
Source: VNE
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