Masan acquires 70% stake in Vietnam MVNO Mobicast for USD 13 mln, buys Reddi brand

Monday 27 September 2021 | 10:01 CET | News
Retail company Masan has announced it has officially taken over mobile virtual network operator Mobicast with its Reddi brand. On 21 September, The Sherpa, a subsidiary of Masan Group, has acquired a 70 percent stake in MVNO Mobicast for USD 13 million. The acquisition represents Masan's expansion into the telecommunications sector.

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Categories: Mobile & Wireless
Companies: Mobicast
Countries: Vietnam
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