Axiata Bangladesh & Vietnam’s MobiFone plan IPO

www.WirelessFederation.com/news: With the return of confidence in the share market, Axiata Bangladesh and Vietnam’s MobiFone- two leading mobile operators in developing Asia- have started preparing for IPO. Aktel which is the third largest operator, with 9.3 million customers at end-December is owned by Axiata and its listing, comes amid huge demand for stock in the no. 1 cellco GrameenPhone.

According to Securities and Exchange Commission (SEC) chairman, Ziaul Haque Khondker, as price volatility in Grameenphone shares has appeared during the last few days’ trading; the commission has stopped the financial adjustment facilities to bring back stability in prices of the company.

Meanwhile, Vietnam’s dominant cellco MobiFone has taken its long-delayed IPO plans off the backburner, reportedly hiring Credit Suisse to manage its local listing.