Vietnamese ISP Saigon Postel is looking for new partners to join its mobile phone JV S-Fone, following the planned withdrawal of co-founding company SK Telecom, a South Korean cellco.
According to Vietnam Business News, SK Telecom, which holds 20% of the…
Vietnamese ISP Saigon Postel is looking for new partners to join its mobile phone JV S-Fone, following the planned withdrawal of co-founding company SK Telecom, a South Korean cellco.
According to Vietnam Business News, SK Telecom, which holds 20% of the JV, had earlier said it would stop investing in the company due to low profits and subscription rates.
Launched in 2003 and due to expire in 2016, the JV had initial investment capital of US$230m including US$218m from SK Telecom, the newspaper explained.
