Thursday February 8, 2007
Singapore Telecommunications eyes Vietnam investment
SINGAPORE (AP) - Singapore Telecommunications Ltd. said Thursday it wants to invest in Vietnam's telecom sector. "Vietnam is in our area of interest,'' Chua Sock Koong, SingTel's deputy CEO, told a news conference.
The Hanoi government has been considering liberalizing the country's telecommunications sector for some time but no decisions have been made.
"The timing (of the liberalization) is entirely up to the Vietnamese government,'' said Chua, who is due to take over from Lee Hsien Yang as chief executive in April.
She also reiterated that SingTel would like to increase its 30.5 percent stake in India's Bharti Airtel Ltd. if U.K. telecommunications company Vodafone Group PLC sells its 10 percent holding in the Indian phone operator.
"Our objective is to increase our stakes in associates ... and Bharti is one of them. But it's not clear if Vodafone will sell its stake,'' Chua said.
Vodafone would have to offload its Bharti assets if it is successful in its bid for India's fourth-largest operator, Hutchison Essar Ltd.
For another perspective from The Straits Times, a partner of Asia News Network, click here.
Latest business news from AP-Wire
News Poll
- Road bully leaves couple badly hurt
- Penang’s great food paradox
- Theft of jet engine an inside job, says minister
- No reason for me to resign, says Chew
- Jusco blast claims second life
- Convert still not a Malaysian
- Bung Moktar finally admits marrying Zizie
- Ku Li: I will explain oil royalty issue
- Work starts on LRT station
- Karpal vows to fight for Anwar
- Penang’s great food paradox
- Theft of jet engine an inside job, says minister
- We must fix our weaknesses
- Road bully leaves couple badly hurt
- 18,000 join search for best food
- Govt will not withdraw sugar subsidy
- Work starts on LRT station
- RM20bil FDI target will be met this year, says Mukhriz
- Prepare for an emergency
- Eight women among 44 foreigners held in raid
RSS
