CMC became strategic share-holder of NetNam
Thursday, 01 April 2010 17:17    Print

CMC group has officially announced to be the strategic share-holder of NetNam Corporation (the first ISP in Viet Nam). CMC now owns 43.8% NetNam’s stock and is also the only strategic investor of this company.

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Experts regard CMC’s investment as one of CMC’s step to be a more competitive opponent to other Vietnamese ICT enterprises in the market. NetNam is the first ISP in Viet Nam, however, its market share still has some limitation. This event happened between CMC and NetNam will make other ISPs focus more on developing strategies for a new competition.

In recent time, at the same time with stabilizing NetNam’s mechanism after its equitization CMC and NetNam will continue with many other specific co-operating agreements in business plans, infrastructure exploration and in telecommunications services.

 

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