VIETNAM PRESS-MobiFone's value seen at $3.4 bln, brokerage HSC says - Thanh Nien

Sun Jun 15, 2014 10:03pm EDT

Vietnam's mobile phone network operator MobiFone is valued at $3.4 billion, according to an assessment by brokerage firm Ho Chi Minh City Securities (HSC), the Thanh Nien (Young People) newspaper reports.

MobiFone's value could be as high as $4 billion if the company reports good profits in 2014 and thereafter, HSC said in its report. Plans for the initial public offering of MobiFone, Vietnam's second-biggest mobile telecom operator, are due to be cleared by end-2014, the government has said.

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Hanoi Newsroom; Editing by Gopakumar Warrier)