VNPT to become holding company

19 Jan 2006

State-owned operator Vietnam Posts and Telecommunications (VNPT) has revealed plans to begin operating as a holding company this year. The telco says it will create a legal framework for its affiliates to organise their operations under the new model, and also plans to modernize telecoms and IT networks and boost competition in the market. It aims to generate revenues of over VND37 billion (USD2.3 billion) and attract four million new customers by the end of 2006.

Vietnam, VNPT-Vinaphone