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Home  >>   Daily News  >>Vietnam>>Telecome>>Telecom provider Vinamobile to become Joint Stock Company
NEWS UPDATES Asean Affairs    11 April  2016  






Telecom provider Vinamobile to become Joint Stock Company

The Prime Minister has approved local telecom provider Vietnamobile to transform from being a Business Corporation Contract (BCC) to a Joint Stock Company (JSC).

Accordingly, Vietnamobile will have a total adjusted capital of US$1.28 billion with an implementation period of 50 years.

The new company will have three shareholders. Hà Nội Telecom JSC will hold 50 per cent of charter capital, Hutchison Telecommunications (Vietnam) S.À.R.L will hold 49 per cent and Hà Nội Telecom General Director Trịnh Minh Châu wil hold the remaining one per cent.

Foreign investors will hold no more than 49 per cent of Vietnamobile’s charter capital.

The company inherits all rights and legitimate interests, and will be responsible for all debts, including tax debts, labor contracts and foreign debt related to the BCC.

Vietnamobile JSC, established in 2009, is the fourth largest network provider in Viet Nam.

According to statistics from the Ministry of Information and Communication, Vietnamobile has 11 million subscribers nationwide in 2015.

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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