04/11/2012: VietNamNet Bridge – The Vietnam Cable Television and Electronics Joint Stock Company (CEC), which faces big difficulties in investment, has decided to sell 51percent of its stakes to Vietnam Cable Television (VCTV) to get money to pay bank debts.
CEC, whose the big guy VTC (the Vietnam Multimedia Corporation), and a major shareholder–has released a document informing that the management and operation of the CEC’s cable television network would be transferred to VCTV, a subsidiary of the Vietnam National Television.
The document says that from November 1, 2012, CEC’s subscribers would enjoy VTCV’s services, provided that CEC’s subscribers agree to sign new contracts with VCTV.
The new service provider would apply its pricing policy to CEC’s subscribers from December 1, 2012 (110,000 dong a month for the first TV, and 33,000 dong for the second and subsequent TVs). Meanwhile, the subscription fee for November (from November 1, 2012, to November 30, 2012) would remain unchanged at 77,000 dong.
http://english.vietnamnet.vn/fms/science-it/51665/vtv-takes-over-vtc-s-cable-tv-company.html