Telecom CEOs Say Debts to Mfone Are Far Less

Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court. “We do owe Mfone money, but substantially lower than they claim,” said MobiTel CEO Ian Watson. “We have written to the administrator several times to arrange clearance of our debt but have received no response from them.” [Mfone’s administrator] Mr. [Ouk] Ry said Wednesday that MobiTel alone owes Mfone $359,053. Mr. Watson declined to say how much less MobiTel owes. … In addition to MobiTel, Metfone owes $552,452; WING Cambodia Co. Ltd. owes $157,191; Telcotech Ltd. owes $97,900; Royal Telecam International Co. Ltd. owes $56,453; and A2 Communications Co. Ltd. owes $1,004. WING CEO Anthony Perkins said Thursday his company is negotiating with Mfone over reciprocal debts because before going bankrupt, Mfone had not returned equipment that it borrowed from WING. …

http://www.cambodiadaily.com/business/telecom-ceos-say-debts-to-mfone-are-far-less-34630/