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Vietnam to merge state operators
18 June 2012
Vietnam government to merge state-controlled operators VinaPhone and MobiFone as part of reorganisation
The Vietnamese government is to merge two state-owned mobile operators, MobiFone and VinaPhone, reported local media. The Ministry of Information and Communications said that the development is part of the government’s plan to reorganise the nation’s telecommunication industry.
Both companies are 100% owned through state-controlled VNPT, but the government has decided that a company that owns more than 20% of one operator cannot own more than 20% of another — leaving a merger as the only option.
VietNamNet said Nguyen Bac Son, the minister of information and communications, announced the development during an online conversations with citizens. Son added that the ministry will send the plan to the government for final approval.
VNPT had to choose between divesting itself of one operator or merging them, reported VietNamNet. GTB
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