VNPT To Sell 20% Stake In VNPT Global To ST Telemedia

State-run Vietnam Post & Telecommunications Corp., or VNPT, will sell a 20% stake in its unit, VNPT Global, to Singapore’s ST Telemedia, a VNPT Global official said Thursday.

The deal, valued at VND20 billion ($1.1 million) is scheduled to be signed later today in Hanoi, said the official who declined to be named.

VNPT Global can sell a maximum 30% stake to foreigners, she added.

Tags: ST Telemedia, VNPT, VNPT Global

Posted by VBN on Mar 11 2010. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry