Cellcard’s COO Kay Lot resigns

One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned. The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago. Telecommunications industry insiders say the otherwise healthy and profitable mobile operator is struggling to make payments on bank loans, in an atmosphere of increasing competition from other operators and ever-changing technology. Cellcard Chief Executive Officer Ian Watson confirmed Kay Lot’s resignation. ...

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