Media company Vietnam Television Corporation (VTC) is considering buying a stake in state-run mobile operator EVN Telecom, wrote local reports.
In mid-February, the Vietnamese government had reportedly approved technology company FPT’s acquisition of a…
Media company Vietnam Television Corporation (VTC) is considering buying a stake in state-run mobile operator EVN Telecom, wrote local reports.
In mid-February, the Vietnamese government had reportedly approved technology company FPT’s acquisition of a 49% stake in EVN Telecom.
But FPT’s new CEO, Truong Dinh Anh, is less keen on buying the stake than its predecessor was because of the risk for a technology company to move into the telecom sector, according to reports.
EVN is owned by the Electricity Telecommunication Company, a subsidiary of government power utility Electricity of Vietnam (EVN). A sale to either FPT or VTC is part of a plan to privatise the cellco. But VTC would reportedly only be interested in a 12% stake in the company.
Similar privatisations of MobiFone and Viettel, two large telcos in the country, are also supposed to take place in the future.
With seven players, the Vietnamese mobile market is highly fragmented and it is hoped that privatisation plans will drive future mergers.
