Viet Nam Mobile Telecom Services Corporation (Mobifone) and multimedia company Audio Visual Global (AVG) signed an agreement on Tuesday to officially terminate the acquisition deal between the two companies.
Audio Visual Global (AVG) has paid VND2.5 trillion (US$109.5 million) to MobiFone, a State-owned business under management of the Ministry of Information and Communication, after the two sides cancelled the mutual share transfer agreement on March 12.
The Government Inspectorate has asked Prime Minister Nguyen Xuan Phuc to relay its inspection results of a VND8.9 trillion (US$395 million) acquisition of Audio Visual Global by Mobifone to the Ministry of Public Security for investigation.
Việt Nam Mobile Telecom Services Corporation (MobiFone) and shareholders of multimedia company Audio Visual Global (AVG) on Monday decided to cancel the share transfer agreement between the two companies.
The government has announced that a comprehensive probe will be
launched into mobile carrier Mobifone''s acquisition of a 95 per cent
stake in multimedia company Audio Visual Global (AVG).
