MobiFone-AVG deal

Update news MobiFone-AVG deal

Trial on MobiFone-AVG deal slated for December 16

The Hanoi People’s Court decided on November 19 to open a first instance trial on the case of the MobiFone’s purchase of 95 percent of shares of the Audio Visual Global JSC (AVG) on December 16.

Losses from MobiFone-AVG deal minimized

Law enforcement agencies have so far collected a whopping VND8.845 trillion (US$382 million) to recover losses from a murky share acquisition between State-run MobiFone Telecommunications Corporation and a private pay TV provider.

 

MobiFone-AVG deal: two former ministers prosecuted

The Supreme People’s Procuracy on October 19 notified the prosecution of two former ministers of information and communications (MIC) – Nguyen Bac Son and Truong Minh Tuan, along with 12 other defendants.