Friday, August 18, 2017 - 16:04:14

VTV takes over VTC cable operation

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The Vietnam Cable Television and Electronics Joint Stock Company (CEC) has decided to sell off a 51 percent stake to Vietnam Cable Television (VCTV) in order to raise money to pay bank debts, while retaining a 49 percent stake, reported Vietnam Post newspaper.

CEC, part of the Vietnam Multimedia Corporation (VTC) conglomerate, has released a document informing that the management and operation of the CEC cable television network would be transferred to VCTV, a subsidiary of Vietnam Television.

The document said that from November 1, 2012, CEC subscribers would enjoy VTCV services, provided that subscribers agreed to sign new contracts with VCTV.-VNA
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