VNPT to merge MobiFone with overseas investment unit

31 Jan 2012

State-owned national PTO Vietnam Posts and Telecommunications (VNPT) will merge its VNPT Global unit and its wholly-owned mobile operator MobiFone to bolster resources for future overseas investment, Viet Nam News cites VNPT’s general director, Vu Tuan Hung, as saying. The merger is expected to help MobiFone improve its operations abroad with the aim of becoming one of the top ten leading mobile operators in Asia. Following the merger, scheduled to begin imminently, the company will focus on seeking investment opportunities in the wireless communications sector. VNPT Global was established in 2008 by three shareholders – VNPT, MobiFone, and VNPost – and has headquarters in the US, Singapore, Hong Kong and the Czech Republic.

Vietnam, MobiFone Telecommunications Corporation, VNPT-Vinaphone