MobiFone privatisation ‘close to definite’

15 Mar 2005

State-owned telco Vietnam Posts & Telecoms (VNPT) has confirmed recent government reports that its mobile arm MobiFone is to be privatised as soon as possible. Pham Long Tran, VNPT’s general director, said that the privatisation is scheduled to begin on 19 May 2005, following the end of a ten-year profit sharing arrangement with VNPT’s partner in the cellco, Sweden’s Comvik International. MobiFone said that it is awaiting further guidance on the matter from VNPT, but added that it considers the planned sell-off to be ‘nearly definite’.