ANZ and Standard Bank launched the sell down of a US$421 million 18-month bridging loan this week, to back the Royal Group’s acquisition of Millicom’s majority stake in Mobitel. The loan covers the Royal Group’s November purchase of Luxembourg-based Millicom International Cellular SA’s network operations in the Kingdom for $346 million. The acquisitions included a [...]
Financial experts here say Cambodia’s political environment has prevented them from investigating the impact of a price floor on telecoms, one of the country’s most lucrative sectors. By Sunday, all nine mobile phone companies had raised their per-minute rates to meet a standard cost mandated by the ministries of Finance and of Telecommunications, which they [...]
After launching the Blackberry two times last year, Mobile phone operator Hello will import the latest Blackberry Bold handset, manufactured by Research in Motion’s (RIM), to Cambodia at the end of this month, according to the Post. Gary Foo, Hello’s Brand Manager, was quoted by the Post as saying that “we’ve seen encouraging take up [...]
An agreement on launching during 2010 a set of innovative services for public health was signed between Smart Mobile with the number of prefixes 010 and 093 and InSTEED which is a non-profit organization. Improving the public health is based on Smart Mobile’s wireless network and InSTEDD’s collaboration platform. InSTEDD’s mission is to harness the [...]
Viettel, Vietnam-owned mobile phone service provider, got started its business in Cambodia at the end of 2008, being popular amongst mobile users. The company plans to install 1,500 3G stations in the first quarter, according to the Phnom Penh Post. Nguyen Duy Tho was quoted by the Post as saying that “currently, we are testing [...]
Putting an end to a month-long dispute between mobile phone service providers MobiTel and Beeline by trading accusations over price dumping and blocking of between-network calls, Ministry of Post and Telecommunications (MPTC) issued a directive dated Friday, 04 by setting a minimum charges of US$0.045 per minute for calls within an operator’s network and $0.0595 [...]
The Ministry of Post and Telecommunications (MPTC) plans to announce a new directive by setting a minimum calling prices and putting an end for free call promotion, after the ongoing dispute between mobile phone service providers Beeline and MobiTel. In September, Beeline accused leading phone operator, MobiTel, of blocking calls from its network to MobiTel’s [...]