Global telcos eye stake in Vietnam’s Mobifone
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A number of international telecoms operators have reportedly expressed an interest in participating in the privatization of Vietnamese state-owned operator Mobifone.
Companies including Norway’s Telenor, Sweden’s Comviq and Australia’s Telstra have shown interest in acquiring stakes in the company.
Mobifone has an estimated brand value of $539 million. Plans for the privatization of the company have been in consideration since 2005 but the process has been repeatedly delayed.
Now the government is pushing to complete the process in 2016-2017 as part of a push to hasten the privatization of state-owned enterprises.
Australia’s Telstra could be a key partner for the operator. Telstra had previously been involved in the Vietnamese market as part of a partnership with Viet Nam Post and Communications, but exited the market in 2003. Now the operator is looking to return to the market by participating in the privatization of Vietnam’s telecom enterprises.
Comviq is meanwhile a former partner to Mobifone and so it also has history in the market, while Telenor has been aggressively pursuing Asian expansion.
Questions & Answers
Q.Which specific companies have shown interest in acquiring a stake in Mobifone?
Which specific companies have shown interest in acquiring a stake in Mobifone?
Norway's Telenor, Sweden's Comviq, and Australia's Telstra have reportedly expressed interest in participating in the privatisation. These international telecoms operators are among those considering an acquisition.
Q.Why might Australia's Telstra be considered a key partner for Mobifone?
Why might Australia's Telstra be considered a key partner for Mobifone?
Telstra has prior experience in the Vietnamese market, having partnered with Viet Nam Post and Communications before exiting in 2003. They are now looking to re-enter the market through this privatisation process.
Q.What is the estimated brand value of Mobifone?
What is the estimated brand value of Mobifone?
Mobifone has an estimated brand value of $539 million. This figure provides an indication of the company's worth as it undergoes the privatisation process.
Q.When does the government aim to complete the privatisation of Mobifone?
When does the government aim to complete the privatisation of Mobifone?
The Vietnamese government is pushing to complete the privatisation process for Mobifone in 2016-2017. This is part of a broader initiative to accelerate the privatisation of state-owned enterprises.
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