FT Plans To Buy Into Vietnam, Sells Up In Netherlands To T-Mobile

France Telecom (NYSE: FTE) CEO Didier Lombard has said the company hopes to be Vietnam operator MobiFone’s leading strategic partner, saying in an interview with local press last week: “We hope to buy the largest possible number of shares immediately after MobiFone is equitised,” Thai Press Reports Via Thomson Dialog NewsEdge. VNPT, MobiFone’s parent company, has invited six international firms to advise MobiFone on its equitisation, which will include listing shares some time next year. Vodafone (NYSE: VOD), BT (NYSE: BT), Singtel and Telenor have also voiced interest in buying into MobiFone, which currently has about 8.5 million subscribers, just under 35 percent of the market.
Updated: France Telecom will have some extra cash to play with in Asia: this morning it concluded the sale of Orange Netherlands to T-Mobile, a unit of Deutsche Telekom (NYSE: DT), for 1.3 billion euros ($1.8 billion). The deal will add 2.1 million mobile customers to T-Mobile, bringing the total subscriber base up to 4.8 million. It remains the number-three player in the market after KPN and Vodafone (albeit stronger than before). The deal also includes Orange’s broadband service in the country, which has 600,000+ users to-date. release