World VoIP NewsVNPT to sign away 20 percent of unit to ST TelemediaVNPT to sign away 20 percent of unit to ST Telemedia

VNPT to sign away 20 percent of unit to ST Telemedia


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Vietnamese state-owned telecoms company Vietnam Posts and Telecommunications (VNPT) has announced it will sell a 20% stake in its VNPT Global unit to Singapore's ST Telemedia, according to Dow Jones Newswires.
Vietnamese state-owned telecoms company Vietnam Posts and Telecommunications (VNPT) has announced it will sell a 20% stake in its VNPT Global unit to Singapore's ST Telemedia, according to Dow Jones Newswires.

Without giving any financial details, VNPT revealed in a statement that the deal is scheduled to be signed later today in Hanoi. VNPT Global, which currently has three major shareholders – VNPT, Vietnam Post Corporation and cellco Vietnam Mobile Telecom Services (also known as MobiFone) – added that the company aims to expand its operations in the US, Hong Kong and Singapore.


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