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Viettel Global debutson UPCoM at VND15,000/share

02/10/2018 08:34 AM Font weight
(Mic.gov.vn) - 

 Shares of the Viettel Global Investment Joint Stock Company (Viettel Global)debuted on the Unlisted Public Company Market (UPCoM) on September 15thwith the stock code VGI.


 Viettel Global started trading more than 2.2 billion sharesat VND15,000 (US$0.67) a piece, valuing at nearly US$1.5 billion.

 

VGI is the first stock of a company specializing in mobileinformation services in more international markets than any other company onthe UPCoM.
mobileinformation services
 
Viettel Global is running business in 10 internationalmarkets at present, with 9 markets included in the consolidated businessresults, including: Cambodia, Laos, Haiti, Myanmar, Burundi, Mozambique,Tanzania, Cameroon, and East Timor.
 
Peru is the market where Viettel Global achieves the highestrevenue and profit in the current time, but the figures are not included in theconsolidated results, stemming from Peruvian regulations that any investment inthis country must be named by Viettel Group.
 
ViettelGlobal is a sub-unit of the Military Industryand Telecoms Group (Viettel Group), founded in late2007 with charter capital of VND960 billion.
 
By 2017, it served nearly 40 million internationalcustomers, representing a 13% growth in customer base, more than four timeshigher than that of the world on average (about 3%) compared to 2016.
mobileinformation services
 
The company recorded over VND19 trillion in total revenue for2017, a yearly increase of 24 percent. Its pre-tax profit reached VND 27billion ($1.18 million).These figures show considerably positive results in thecontext of high operating costs due to the large investment required in Myanmarand some new African markets in the early stage.
 
This year, Viettel Global aims to achieve positive profiteven though it newly operates in Myanmar, known as its largest internationalmarket (launched this June). The customer growth in 2018 is expected to reach15% compared to 2017.
mobileinformation services
At its annual shareholder meeting, Viettel Global shareholdersagreed to sell 800 million private shares, worth VND8 trillion, to its parentgroup Viettel to raise its charter capital to VND30.4 trillion. The capitalwill be spent on Viettel Global’s activities until 2020. The 800 million sharesare banned from trading for one year.
 
Up to the end of June, 2018, three markets of Viettel,namely Laos, Cambodia, East Timor were subject to capital return and ranked No.1 in the telecommunications network market. Particularly, Myanmar is consideredthe largest and most anticipated market in 2018 among9 international markets ofViettel in term of growth.
 
Viettel Group’s investment capital in the internationalmarket is registered with more than $2 billion, of which more than 50% wasdisbursed. There was a total of $516 million of profit transferred to Vietnam,accounting for nearly 45% of the investment capital.
 
By 2020, Viettel Global aims to expand its investment marketto a population of 400-500 million people and into the world’s top 10 telecommunications companies.

Vietnamnet

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