WPP To Buy 20% Stake In Smart Media On Wed -Official
Hanoi-based Smart Media JSC, which has a registered capital of VND120 billion ($7.1 million), is among the country's biggest communications firms.
State-owned Vietnam Post and Telecommunication, Vietnam Television, MobiFone and together hold about 55% of Smart Media, a company official said.
The remainder is held by private local investors, including Gold Sun Joint Stock Co., which is among the largest local advertising firms, said the official who declined to be named.
The company plans to expand operations in the country, where analysts forecast advertising revenues will grow more than 16% this year, the official added.
-By Nguyen Pham Muoi, Dow Jones Newswires, 84-435-123-041; phammuoi.nguyen@dowjones.com
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Publié le 09 Février 2009 Copyright © 2009 Dowjones
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