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Last modified: | Vodafone's Vietnamese plans hit wallNo sooner had Vodafone expressed an interest in moving into the Vietnamese mobile comms sector than its government has started to back-peddle over selling off stakes. Vietnamese prime minister, Nguyen Tan Dung, has told officials to "re-examine the equitisation of state-run enterprises." Observers say that this edict almost certainly covers Mobifone, a mobile operator in which Vodafone is thought to have an interest. The decision follows the cock-up of an IPO for a state-run insurance company. The Vietnamese appear committed to sell-offs but want to ensure they get full value for any released stakes. It looks unlikely, therefore, that Vodafone will be able to buy a chunk of Vietnamese telecoms in 2007. Better try elsewhere, then. There's always Brazil which recently overtook Japan to become the world's fifth largest mobile telecoms market.The full Inquirer story ... Vodafone's Vietnamese plans run into trouble |
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