Former Mfone staff to get paid
Over eight months after Cambodian mobile operator Mfone filed for bankruptcy, the defunct provider’s former staffers should get their outstanding salaries in November, according to the case’s court-appointed administrator. Bankruptcy administrator Ouk Ry said yesterday that deals have been made on many of the failed telecom’s assets, including highly valued cellphone towers. “We agreed to this sale purchase, and we are currently transferring the assets that consist of towers and equipment in the base stations. [But] it takes time to transfer them,” he said. In July, more than 1,000 former Mfone employees received 10 per cent of the $4.4 million they’ve been demanding in compensation after the company filed for bankruptcy in January. Ry did not disclose how much money buyers are putting up, nor did he reveal the identities of the buyers. However he confirmed that the mediator should be able to pay the remaining 90 per cent of the salaries by around mid-November. “We are currently transferring assets to the buyer. Expect payment from buyers soon. Once we receive payment … we should settle the workers.” ...
Anne Renzenbrink and Hor Kimsay
http://www.phnompenhpost.com/business/former-mfone-staff-get-paid
