Vodafone: “big opportunities come from equitisation
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| 13:22' 07/06/2007 (GMT+7) | ||
Warren Finegold, Vodafone’s Chief Executive of Global Business Development, said that there are many investment opportunities in Vietnam, especially when the equitisation process of mobile phone networks is clearer.
What opportunities for Vodafone do you see in that equitisation process?
Our goal is to become one of the strategic investors of mobile information companies. And when becoming a strategic investor, we will benefit Vietnam’s mobile information operators.
What are the benefits that Vodafone will bring to Vietnam?
Vodafone is the world’s largest mobile phone network operator with significant operations in newly emerging markets. Along with large investment, Vodafone can bring experience in working with state shareholders in many mobile information joint ventures of Vodafone in Egypt, China, Kenya and South Africa.
Vodafone can bring international products and services to Vietnam as well as its sole services for individual markets as what we have performed in the world. Vodafone always has its way of accession and respects new markets: we are a good partner and we are always sensitive to the native culture.
How is the Vietnamese market appraised in Vodafone’s overseas expansion and development strategy at present?
Vodafone previously only focused on Western Europe but we now reach to many other markets. Vietnam has two factors to attract foreign investors. Firstly, the growth potential of the Vietnamese economy is very large. Secondly, we see the potential for developing the mobile information market. Vietnam is one of several markets which has a big population (84 million) and low percentage of mobile phone use (10.5% of the population in 2005), and high potential for development (28.6% of the population is young).
Vietnam’s population and the potential to develop the mobile information market in the future has made Vietnam an important country for Vodafone.
How much will Vodafone invest in Vietnamese companies?
It is a little bit early now to talk about specific numbers. We have just opened our representative office in Vietnam. However, Vodafone has a strong financial potential and is able to invest in Vietnam.
Vodafone’s tradition is investing in national leading mobile information companies in the countries that we will invest in so Vodafone’s policy is investing in companies at the first, the second and third position at the most.
Vietnam is part of the Asia – Pacific region and Vodafone has established its strong presence through the ownership of the Hutch Assar network in India, stocks at the China Mobile company, and through its branches in Australia, Fiji and New Zealand.
As Vodafone is seeking its direct presence in Asia, the equitisation programme in Vietnam is the way of accession that we want to learn to invest in this country.
(Source: VNN) |
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