clarifies news report
08 June 1995
Loxley Plc (LOXLEY), clarifying a published report regarding the
investment in Vietnam, said that at present the company's operations in
Vietnam has made some progress especially the telecommunications business
in the country.
The company said it is interested in the basic telephone project in
Vietnam and is at present studying the project and negotiating with the
Vietnam government.
However, the result of the negotiations regarding the investment ratio,
amount of telephone lines and the responsible areas are not yet finalized.
The company will report on the progress of the project accordingly.
Translated by the Nati