VNPT schedules IPO in 2019Telecom operator Viet Nam Posts and Telecommunications Group (VNPT) expects to hold its initial public offering (IPO) in 2019, according to the group’s chairman Tran Manh Hung. “The selection of advisors alone is a complicated process, as each component of the IPO plan will require a specific advisor to work on it. The VNPT will look for cooperation from foreign, reputable IPO advisors.”He added that “the company will try to finalise its IPO portfolio and complete all the required procedures in 2018, then do the IPO in 2019”, as there were still problems with the firm’s IPO plan that required the Government to make the final decisions. To complete the restructuring plan, the VNPT has founded a board, which specialises in the firm’s equitisation process, and asked its member companies to compile corporate reports. The VNPT has completely restructured its three corporations, which are telecommunication services provider VNPT VinaPhone, network operator VNPT Net and value-added services provider VNPT Media.

Source: VietNamNet News October 02, 2017 02:48 UTC