Cambodia’s Mfone ordered to repay $3.7M debt
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/
