mobifone

Update news mobifone

VNPT eyes 20% stake at MobiFone

 VietNamNet Bridge – Vietnam Post and Telecommunications Group (VNPT) has plans to look for approval from authorities to own 20% of mobile carrier MobiFone when the latter goes public.

Mobifone appoints new chair before separating from VNPT

 VietNamNet Bridge - Mai Van Binh, general director of Mobifone, one of the three largest mobile networks in Vietnam, has been appointed as the firm’s chair, replacing Mr. Le Ngoc Minh.

VNPT to hold 20% of Mobifone’s capital after equitization

 VietNamNet Bridge – The Ministry of Information & Communications is expected to complete the equitization plan for Mobifone – one of the three largest mobile networks in Vietnam – and submit it to the Government in the fourth quarter.

Mobifone worth could reach $3.4 billion

The HCM City Securities Company has said that the current value of Mobifone may reach $3.4 billion and possibly more than $4 billion if its revenue and profits continue to rise after its split from VNPT.

PM gives go-ahead for Mobifone, VNPT split

 VietNamNet Bridge – Major mobile network operator Mobifone has split from the State-owned Viet Nam Posts and Telecommunications (VNPT), and is now under the management of the Ministry of Information and Communications (MIC).

MobiFone launches mobile kit for int’l tourists

 VietNamNet Bridge – Vietnam’s leading mobile service provider MobiFone has launched a pre-paid Happy Tourist package designed exclusively for foreign visitors to Vietnam, offering data, SMS and call services at an affordable price.

“Liberated” MobiFone set to challenge rivals

 VietNamNet Bridge – The local mobile market will become more competitive with the independent operation of MobiFone, which will shortly be detached from its current owner the Vietnam Posts and Telecommunications Group.

Gov't gives the go-ahead for telco giant split ahead of IPO

 VietNamNet Bridge – The Government has approved a proposal from the Ministry of Information and Communications to separate service providers under the Viet Nam Post and Telecommunication Group in preparation for their equitisation.

MobiFone detaches from VNPT

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has passed Vietnam Post and Telecommunication Group (VNPT)’s proposal to split its largest member unit MobiFone from VNPT as part of the latest restructuring draft plan of the VNPT.

Mobile network operators continue going through users’ pockets

The Ministry of Information and Communication’s inspectors still have not decided how to treat the three biggest mobile phone operators, which have “rifled subscribers’ pocket” by forcing subscribers use their services without any notice in advance.

Mobile network operators move noisily to OTT service market

 VietNamNet Bridge – MobiFone has announced it will develop OTT apps itself, while the military telecom group Viettel reportedly considers buying South Korean Kakao Talk.

MobiFone to recall 200,000 idle SIM cards

 VietNamNet Bridge – Viet Nam's oldest mobile network operator, MobiFone, will recall nearly 200,000 SIM cards that were issued and allocated to dealers, but were  not activated for the past two years.

BUSINESS IN BRIEF 1/3

 Vietnam dismisses bitcoin as legal currency; Lotte wants to further operations in Vietnam; IFC helps build more homes for mid-income earners in Vietnam; Cement firms remain stuck; Lower fees proposed for transport firms

How much is MobiFone worth?

 VietNamNet Bridge – The value of the MobiFone’s equitization deal would not be measured by the sum of money the buyers pay, but by its influences to the Vietnamese telecom market in the future.

BUSINESS IN BRIEF 23/2

 New law gets tough to revoke business licences; MobiFone urged to detach from VNPT; Khanh Hoa scythes stalled projects; New IP looks to Korean investors; Vietnam mulls expanding cooperation with Samsung

Reform to spur telecom growth

 VietNamNet Bridge – The Vietnamese telecom market will improve vastly after its restructuring is complete, said Minister of Information and Communications Nguyen Bac Son.

MobiFone cut loose from VNPT

 In its latest restructuring draft plan, VNPT proposed splitting its largest member unit MobiFone from the parent company under the management of the Ministry of Information and Communication.

MobiFone offers new package to foreign tourists

 VietNamNet Bridge – MobiFone, a subsidiary of Vietnam's largest telecom service provider Vietnam Post and Telecommunication Group, has launched a pre-paid Happy Tourist package exclusively designed for foreign visitors to Vietnam.

Vendors fined for SIM blunders

 VietNamNet Bridge – The Inspectorate of the Ministry of Information and Communications (MIC) discovered mistakes in billing customers for prepaid SIMcards, fining selling locations nearly VND2 billion in 2013.

Service providers come under scrutiny

 VietNamNet Bridge – Deputy PM Hoang Trung Hai has ordered the ministries of Finance, and Industry and Trade to monitor telecom fees by three giant providers, in compliance with the Competition Law.