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Axiata Wants In On MobiFone Privatization

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Malaysia’s Axiata is reportedly interested in taking part in the privatiztion of Vietnamese state-owned operator MobiFone.

Axiata wants to acquire a stake and enter a long-term co-operation with MobiFone, the nation’s second largest telecom operator after military-run Viettel, Tuoi Tre Newsreported.

The Malaysian company’s head of corporate development, Annis Sheikh Mohamed, recently met with Vietnam’s deputy ICT minister to discuss the privatization.

Axiata has offered to share its technology with MobiFone as part of the co-operation, contributing to MobiFone’s growth.

According to Mohammed, Axiata’s own privatization in 2008 had similar circumstances to MobiFone’s, so Axiata will be in a good position to help guide the process.

The ICT ministry expects to complete the final proposal regarding MobiFone’s privatization and have it approved by the government this year. Original post at Telecom Asia

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Wahengbam Rorrkychand

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