Viettel takes official control of EVN

Electricity of Viet Nam (EVN) announced that Viettel Corporation has officially taken over EVN Telecom.

EVN Telecom and its five member companies signed documents to hand over their assets to Viettel.

EVN Telecom took a heavy loss after 16 years as a corporation. However, the small company seems to be valuable. Of all the operational mobile networks in the country, EVN Telecom was positioned nearly at the bottom of the ranking with a narrow wave coverage and limited number of subscribers.

Previously, the Prime Minister signed a decision to allow Viettel to take over EVN Telecom on January, 1, 2012

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