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SPN entered into IBS Asset Sale and Purchase Agreement with Thien Viet in Vietnam
SOUTHERN STAR TELECOMMUNICATION EQUIPMENT JOINT STOCK COMPANY (Chairman: Satoshi Igarashi, Headquarters: Ho Chi Minh City) (“SPN”), entered into IBS (In-Building Solution: sharing solution of indoor mobile telecommunication infrastructure) Asset Sale and Purchase Agreement with Thien Viet Company Limited (Chairman: Phan Thanh Son, Headquarter: Hanoi City) (“TVC”) on 30 November, 2020.
【Overview of Transaction】
|Company||Thien Viet Company Limited|
|Number of Projects||62 projects|
|Date of Agreement||November 30, 2020|
|Execution of Agreement||Handover will be accomplished in 2021|
With the steadily growing economy, Vietnam has been seeing its mobile phone penetration rise above 100% and demands for mobile telecommunication infrastructure continue to grow. In particular, the IBS market, leasing of indoor telecommunication equipment (shared equipment) to multiple mobile network operators (“MNOs”), has been expanding rapidly with the rise of the mobile network traffic and the needs of MNOs to manage their assets more efficiently, and is expected to maintain its growth as plans for major real estate development continue to increase in Vietnam.
Established in 2007, SPN is one of the largest IBS operators by coverage areas in Vietnam. Supported by its positive relationships with all three major MNOs, high quality services and expansive network with real estate developers. SPN has installed its equipment and provided services at a variety of buildings in Vietnam, including major high-rise office buildings, hotels and commercial complexes.
SPN will further strengthen operations in Vietnam, where growth opportunities will be expected and will work further to expand its IBS business and contribute to the development of the telecommunications environment in Vietnam.
Established: July, 2007
Headquarter: Ho Chi Minh City, Vietnam
Major shareholder: JTOWER Inc.
Chairman: Satoshi Igarashi
URL ： https://www.spnjsc.vn/