Cambodia’s Mfone ordered to repay $3.7M debt

5 November 2012
Zdnet
Judiciary and courts
court injunction / Eltek Valere / Hello Axiata / Latelz / Mfone / mobile operators / mobile service providers / mobile subsidiary / Norway / Phnom Penh Municipal Court / satellite service provider / SET-listed / Singapore / Thaicom / Thailand / Yap Wai Khee

Norway-based Eltek Valere has won a court injunction against Mfone, the Cambodian mobile subsidiary of SET-listed satellite operator Thaicom, for its failure to pay outstanding service charges. According to The Bangkok Post on Monday, citing court documents, the Phnom Penh Municipal Court ruled in favor of Eltek Valere over unpaid service fees amounting to US$3.73 million. After reviewing Eltek’s complaint, the court ordered the mobile opeartor to provide an assessment of its inventory and banned the company from selling any of its assets until the situation is resolved. …

http://www.zdnet.com/cambodias-mfone-ordered-to-repay-3-7m-debt-7000006879/