HiTS Telecom inks USD43m loan with Global Emerging Markets

According to a report by Saigon GP Daily, which cites an unnamed source from the Ministry of Information and Communications (MIC), the Vietnamese government has agreed in principle that military-run operator Viettel Corporation can take over struggling rival EVN Telecom. The source reportedly said that a government statement sent to the MIC gives Viettel the go-ahead to acquire EVN Telecom, a unit of state-run utility firm Electricity of Vietnam, as of 1 January 2012 [More]

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