Two Vietnamese advertising online markets, ChoTot and ImSold, which both belong to 701Search, will be handed over to Telenor ASA, a Norwegian telecommunication company, in June.
The change of shareholders will not affect the business strategy of ChoTot as Telenor joined the board of management of 701Search in 2013 and is an important part of the company (Photo: nhipcaudautu.vn)
Hanoi (VNA) - Two Vietnamese advertising online markets, ChoTot and ImSold,which both belong to 701Search, will be handed over to Telenor ASA, a Norwegiantelecommunication company, in June.
Additionally,Telenor reached an agreement with Schibsted to divest from a joint venture withSchibsted in Latin America and bought back its stakes in markets of Malaysia, Vietnamand Myanmar, ICTnews.vn reported.
Telenoralso signed an agreement with Singapore Press Holdings to buy shares inadvertising online sites in Malaysia, Vietnam and Myanmar with a deal worth 110million USD.
ChoTotwas launched in 2012 and is a leading advertising online market in Vietnam.
Thechange of shareholders will not affect the business strategy of ChoTot asTelenor joined the board of management of 701Search in 2013 and is an importantpart of the company, CEO of ChoTot said in a press release.
Telenoris one of the largest telecom corporations in the world with revenues of morethan 15.3 billion USD last year and is currently active in 13 countries.-VNA
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The change of shareholders will not affect the business strategy of ChoTot as Telenor joined the board of management of 701Search in 2013 and is an important part of the company (Photo: nhipcaudautu.vn) 
