MobiFone plans IPO before end-08

18 Jun 2008

Le Ngoc Minh, general director at Vietnamese operator MobiFone, has revealed that the company plans to sell 15% of its stocks to strategic investors and 15% to the public via an IPO before the end of 2008, reports state news agency VietnamNet. Another source said that MobiFone may sell a further 19% after the IPO, leaving the state with a 51% holding. According to TeleGeography’s GlobalComms database, at the end of March 2008 MobiFone was Vietnam’s second largest cellco by subscribers, claiming 29.3% of the market, just behind leader Viettel with 29.7%. In separate but related news, MobiFone has selected Aircom International to provide tools to track its network performance.

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Vietnam, MobiFone Telecommunications Corporation