Linked by Thom Holwerda on Sun 20th Mar 2011 20:20 UTC
PDAs, Cellphones, Wireless A major deal just went down in the United States, which seriously shakes up the mobile industry on the other side of the pond: AT&T has announced it plans to buy T-Mobile USA from Deutsche Telekom.
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RE[4]: Invisible hand
by molnarcs on Mon 21st Mar 2011 18:55 UTC in reply to "RE[3]: Invisible hand"
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Yeah, I was a bit surprised about this - have no idea what is their interest in this at all. It might be a cultural thing. Vietnamese are competitive and have a very keen business sense. Every single family I know has some sort of business. Thanks to the fierce competition, these companies might work on pretty low margins - so it's not like the government can reap lots of profits or something.

It might be a strategic decision, part of opening up the economy and politics. Perhaps they didn't attract enough capital at the beginning, so they invested in this area. I know that IT and telecommunications is regarded as a strategic area for the country's development goals. Internet penetration is high, even in remote villages I saw internet cafes and "GameOnline" places... I'm especially puzzled by the Army running a telecom service in a free market economy (so it's not like they are the only players, controlling what people can or can't do). Anyway, I don't really have an answer to your question - some things around here defy traditional logic ;)

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