Chunghwa denies Vietnam investment plan

10 Apr 2007

Chunghwa Telecom has denied reports that it plans to invest more than USD10 million to buy up to a 5% stake in Vietnam’s second largest cellco by subscribers, MobiFone. The mobile operator is currently majority-owned by VNPT, but the latter plans to sell of a portion of its stake, possibly to foreign investors according to local newspaper Commercial Times.