02:11 (GMT +7) - Thursday 14/12/2017

Business

Norway's Telenor takes over Vietnamese online classified sites

Released at: 19:30, 16/05/2017

Norway's Telenor takes over Vietnamese online classified sites

Photo: truyenthong.chotot.com

701Search hands over ChoTot and ImSold to Telenor.

by Van Long

Two Vietnamese online classified sites, ChoTot and ImSold, which both belong to 701Search, will be handed over to Telenor ASA, a Norwegian telecommunication company, in June, the Vietnam News Agency (VNA) reports.

ChoTot was launched in 2012 and is a leading online classified site in Vietnam.

The change of shareholders will not affect the business strategy of ChoTot as Telenor joined the Board of Management at 701Search in 2013 and is an important part of the company, VNA quoted a press release from the CEO of ChoTot as saying.

Telenor is one of the largest telecom corporations in the world with revenues of more than $15.3 billion last year and is currently active in 13 countries.

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