Acquiring ADG will mark M1’s strategic entry into the Vietnamese market.
SINGAPORE - Mobile network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology Development, for a total purchase consideration of 719.9 billion dong .
The group noted the IT solutions provider’s track record of 18 years in the value chain; its network of more than 2,000 local agents and partners; and operations in the four major cities of Hanoi, Ho Chi Minh City, Da Nang and Can Tho. Dell Technologies, Hewlett Packard and Nvidia count as some of the names among these technology partners.
“Through this acquisition, M1 will be able to leverage ADG’s expertise and local presence in Vietnam to further enhance our ability to deliver innovative and comprehensive solutions to our customers in the country,” he said.
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