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VNPT's proposal to merge Vinaphone, MobiFone rejected

Friday 12 April 2013 | 04:15 CET | News
Vietnam's Ministry of Information and Communications has rejected a proposal by Vietnam Post and Telecommunications Group (VNPT) to merge its two mobile operator companies, the SGGP reports. VNPT needs to restructure its business to comply with new regulations on telecommunications ownership, which stipulate that an investor with more than a 20 percent stake in one telecommunications firm cannot own more than 20 percent in another telecommunications firm. VNPT owns both Vinaphone and MobiFone. The ICT minister, Nguyen Bac Son, said that the restructuring must allow continued operations of the

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Categories: Mobile & Wireless
Companies: MobiFone / Viettel / VinaPhone / VNPT
Countries: Vietnam
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