MobiFone seeks privatisation advisor

19 Apr 2007

State-owned Vietnamese cellco MobiFone is seeking a foreign financial advisor to help with its privatisation, company director Le Ngoc Minh said in a statement yesterday. ‘We will soon issue an official document to invite foreign companies to attend an international tender to provide consultation for our share-selling process in the coming months,’ Minh said, adding that applications must be sent to MobiFone by 16 May 2007. He gave no further details about the share sale. MobiFone is expected to sell a stake to the public in the final quarter of this year. According to TeleGeography’s GlobalComms database, the operator finished 2006 with an estimated 4.65 million cellular subscribers, placing it third behind Viettel and Vinaphone, both also indirectly owned by the state.