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VietNamNews

MobiFone to become a corporation

Update: November, 19/2014 - 07:40

Customers at a MobiFone transaction office. The company is transformed into a corporation. — Photo mobifone.com.vn

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has agreed with the proposal of the Ministry of Information and Communications to transform MobiFone One Member Company Ltd into a corporation.

The ministry will be responsible for carrying out the corporation's equitisation in accordance with current regulations and with a prime ministerial approval of the restructuring plan for Viet Nam Post and Telecommunications Corporation.

MobiFone was detached from the State-run Viet Nam Posts and Telecommunications Group (VNPT) and placed under the MIC management last July following a prime ministerial decision to restructure the VNPT. The company has a charter capital of VND12.6 trillion (US$600 million). — VNS



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