The Electricity of Viet Nam plans to consult the Prime Minister for suggestions regarding the withdrawal of an FPT deposit of more than VND700 billion (US$34 million) meant for repurchasing EVN Telecom shares, said Dinh Quang Tri, deputy general director of Electricity of Viet Nam. FPT declared not to repurchase Electricity of Viet Nam’s (EVN) [...]
Vietnam Multimedia Corporation or VTC plans to invest 800 billion dong in EVN Telecom after setting up cooperation with the local telecom firm, according to a VTC source. On April 13, EVN Telecom, FPT and VTC met to discuss issues on investment capital contribution in EVN Telecom. At the meeting, VTC will negotiate to reach [...]
FPT Board of Management has officially decided to withdraw from an acquisition deal with EVN Telecom. The resolution said it agreed with the proposal to quit the investment project and will shortly take procedures for withdrawing all the capital investment it had deposited to EVN Telecom. EVN Telecom is waiting for the government’s decision. “We [...]
The Electricity of Vietnam (EVN) has asked Ministry of Information and Communications if it can be allowed to share domestic mobile networks with Viettel, VinaPhone and MobiFone. According to EVN, sharing mobile network would help companies to lower investment costs. In its proposal, EVN expected three telecom giants including Viettel, MobiFone and VinaPhone to share [...]
The first acquisition in Vietnam’s telecom sector is still ongoing between FPT and EVN Telecom despite rumours that FPT may quit. The two sides last week started negotiations nearly a month after a prime ministerial decision on an equitisation proposal of EVN Telecom, an arm of Electricity of Vietnam (EVN Group), allowed FPT to take [...]
The purchase of EVNT, the telecom company belonging to the Electricity of Vietnam, by FPT (the Corporation for Financing and Promoting Technology), may be the perfect agreement between the two giants that in turn may lead to a new and bigger giant (Ftel?). However, some experts have warned that it would be not easy for [...]
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