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Update news VNPT
VietNamNet Bridge – Both Vietnam Posts and Telecommunications Group (VNPT) and military-run telecom company Viettel are bolstering their business and investment in foreign markets to add revenue streams.
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.
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.
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).
VietNamNet Bridge – Market insiders and experts are saying that now is not the right time for Vietnam to develop the fourth generation network for mobile and wireless communications.
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.
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.
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.
VietNamNet Bridge – The Ministry of Information and Communications will hold an auction to award 4G licenses next year, meaning domestic customers have to wait till 2015 to use the service
VietNamNet Bridge – The Asia-America Gateway (AAG) undersea cable will be repaired from February 25 to March 3, according to the Viet Nam Posts and Telecommunications Group (VNPT).
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.
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.
VietNamNet Bridge – The three mobile network operators dominating the telecom market, namely VinaPhone, MobiFone and Viettel, have unanimously planned to raise the international incoming call charges to UScent8.1.
VietNamNet Bridge – Viettel Corporation retains its top position in the Vietnamese telecommunications market in 2013, according to the Ministry of Information and Communications.
Nguyen Quoc Oai, 60, former director of the Hanoi-based Post Office Hospital, has been arrested for making false documents to appropriate over VND66 billion ($3.3 million) of the Vietnam Post and Telecommunications Group.
The things MobiFone can inherit from the Vietnam Post and Telecommunication Group include the two Vinasat satellites which have caused the loss of trillions of dong, and a finance company with the loss bigger than the stockholder equity.
VietNamNet Bridge – According to data released by the State Audit Agency, only 49.5 million in the total of over 75.5 million subscribers of Vinaphone and Mobifone were active within 30 days from the time of calculation.
VietNamNet Bridge – The network infrastructure remains the asset of SK Telecom, a partner in the joint venture, while SPT is still negotiating on the partner’s withdrawal from S-Fone project.
VietNamNet Bridge – The Viet Nam Post and Telecommunications Group (VNPT) would keep one of its two giant mobile networks, Vinaphone and Mobifone, but let the other spin-off.
VietNamNet Bridge – The plan to equitize Vietnam Mobile Telecom Service Company, the operator of MobiFone network, will proceed after a long pause, said Deputy Minister of Information and Communications Le Nam Thang.