MobiFone selects adviser for IPO

12 Aug 2008

Dow Jones reports that Vietnamese cellco MobiFone has hired Credit Suisse Group to act as financial adviser for an IPO. The country’s second largest mobile operator by subscribers is expected to sell up to 15% its equity in the initial offering and another 15% to a strategic partner. The IPO is expected to happen in the first quarter of 2009. France Telecom, Vodafone Group and SingTel are all said to have approached MobiFone with a view to becoming a strategic partner.

Vietnam, MobiFone Telecommunications Corporation