Companies / Vietnam
VimpelCom Finalises On Vietnam JV Operations
July 2008 | Company Finance AlertRussia's second-ranked mobile operator VimpelCom has signed and finalised a Joint Venture and Shareholders Agreement with Vietnamese state-owned companies to launch a mobile service provider in Vietnam under the name of GTEL-Mobile. The Russian operator secured a 40% stake in the joint venture at a cost of US$267mn, with Global Telecommunications Corporation (GTEL) and its unit GTEL TSC acquiring respective stakes of 51% and 9%. VimpelCom, however, has expressed an interest to raise its existing shareholding in the operator by purchasing a further 9% from its Vietnamese partners, for which it has pre-emptive rights.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Asia Pacific Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Asia Pacific Telecommunications Insight please click on the trial link below.
