VietNamNet Bridge – According to the Ministry of Information and Communication (MIC), some small telcos have been driven into lamentable positions. However, the ministry has affirmed that it would not rescue the companies and that all members of the market would have to develop with their real capability, instead of relying on the support from management agency.
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At a recent meeting gathered by MIC, the officials from Telecommunication Agency
said big telecom groups still have been living well, while small ones have been
fallen into decay. Especially, a pessimistic forecast has been given that they
would be able to live for two or three months more.
S-Fone is one of the names mentioned at the meeting. The lack of investment
capital has made it meet with misfortune. Having no money to pay to operate its
network and pay for the base transreceiver station leasing fees, S-Fone has to
narrow its network.
As a result, its clients have repeatedly complained that the wave coverage area
has been narrowed, thus making it unable for them to communicate other
subscribers.
A series of S-Fone have left the network, or have been forced to leave the
network. A lot of S-Fone’s sales agents have shifted to other types of business,
though the signboard is still hung over their shops.
Having few subscribers, not having money to maintain the operation system are
the most important reasons which has forced S-Fone to terminate the labor
contracts with a lot of workers.
Meanwhile, S-Fone still has not paid salaries and allowances as promised to
laborers. In some localities, S-Fone’s workers went on strike, requesting S-Fone
to pay money to them.
S-Fone now owes money right and left. The debts include the accounts payable to
the State, such as the frequency fee.
Buu Dien Vietnam has quoted senior executives of VNPT and Viettel, the two big
mobile network operators, as saying that both S-Fone and its holding group SPT
are their big debtors.
SPT’s General Director Hoang Sy Hoa complained at a meeting with the telecom
groups which have their own infrastructure systems that SPT’s fixed line network
was cut, and SPT then asked to tie the line again to ensure clients’ benefits.
Analysts said that at present, Vietnamese telecom groups have been earning big
money from the international telephone services, after the groups unanimously
raised the charges on foreign partners. This could be a good way for SPT to make
money. However, in fact, SPT cannot join the market, because it cannot connect
to the big guys when it still has not paid debts to them.
In such difficult circumstances, it would be very difficult for SPT to persuade
its partners and commercial banks to continue lending money to it. Local media
has compared S-Fone with the sinking boat with no lifebuoy.
Meanwhile, Gmobile is also meeting big difficulties after it began using a new
brand and turned into a 100 percent Vietnamese enterprise. The simcard sales
agents in Hanoi said Gmobile’s cards have been selling very slowly. Meanwhile,
no breakthrough has been made by the network operator in its new operation
period.
EVN Telecom, which was once also in big difficulties, was merged into Viettel.
However, analysts don’t think that a similar scenario would occur with S-Fone or
Gmobile, because the networks have become no more attractive in the eyes of
Vietnamese telecom groups.
Meanwhile, Pham Hong Hai, a senior official of MIC, has affirmed that the
ministry would not provide a lifebuoy to the enterprises, saying that everyone
has to struggle to live on their foot.
Buu Dien