Vinaphone to be listed by 2008; expands coverage to all districts

21 Jun 2006

Vietnam Telecom Services Company (GPC), the company that operates the VinaPhone mobile network, is compiling a scheme to list shares in the cellco on the stock exchange by 2008. News outlet Vietnamnet.vn cites GPC deputy director Pham Quang Hao as saying the biggest difficulty facing the scheme is the fact that VinaPhone’s operations are linked with 64 provincial post offices, and that the company needs more time to define the value of such remote assets. According to Mr. Hao, the stock market is running ‘hot’, and rapid development of the country’s mobile market has led to him receiving repeated requests for shares in VinaPhone to be made available for purchase. Industry analysts forecast that by 2010 Vietnam will be home to 24 million wireless subscribers, almost double the 12.1 million customers reported at March 2006.

In separate but related news, VinaPhone has become the first cellco to expand services to all of Vietnam’s districts.

Vietnam, Vinaphone