A potential IPO of MobiFone is once again back on the cards after the firm reported a 52% year-on-year rise in revenue, raking in US$1.48bn in the last fiscal.
The firm’s continuing success has reignited interest from foreign players looking to take a…
A potential IPO of MobiFone is once again back on the cards after the firm reported a 52% year-on-year rise in revenue, raking in US$1.48bn in the last fiscal.
The firm’s continuing success has reignited interest from foreign players looking to take a slice of the Vietnamese telecommunications pie.
MobiFone is looking to sell a 15% stake to a strategic investor and a further 15% via an IPO. In addition, another 19% may be sold after the IPO, which would leave state-owned Vietnam Posts and Telecommunications’ (VNPT’s) stake at 51%.
A number of companies have been linked with the US$2bn valued firm, including Vodafone, France Telecom, Etisalat and SingTel.
Credit Suisse is advising MobiFone.
MobiFone has a total of 9 million subscribers, accounting for a third of Vietnam’s subscriber base. Vietnam has 24 million mobile subscribers, a penetration rate of 30%.
