State poised to grab telco stakes
The prime minister just rubber-stamped a decision making public a list of five telecommunications networking businesses having more than 50 per cent of stake or chartered capital to be held by the state.
>> Foreign telcos dial up capital changes
>> Decree dials in telco changes
These telcos are Viettel, VNPT , Vinshipel, GTel and Indochina Telecom Joint Stock Company which operates the Indochina Telecom network.
The premier also proposes the Ministry of Information and Communications, based on conditions in each developmental period, team up with relevant competent state agencies to recommend which telcos the state shall hold a ruling stake of more than 50 per cent.
The decision will come into force from December 1, 2011.
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