News

Mfone’s Assets Sold For Hugely Reduced Price

The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...

Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/

Norwegian Energy Firm Eltek Demands Mfone Pay Up

Norwegian energy firm Eltek on Thursday demanded $5 million it is owed from bankrupt telecommunications company Mfone by the end of October and blamed the court and the government for stalling payment. During a meeting at Mfone’s headquarters in Phnom Penh’s Boeng Keng Kang III commune, ...

Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/norwegian-energy%E2%80%88firm-eltek-demands-mfone-pay-up-42823/

Holdings draw veil over Mfone

When the owner of Kingsland garment factory fled the Kingdom last year, enough pressure was applied to its sourcing companies H&M and Walmart to persuade them through their intermediaries to compensate workers left jobless. Distance could no longer absolve them of responsibility. Just like the Kingsland ...

http://www.phnompenhpost.com/2013041865106/Business/holdings-draw-veil-over-mfone.html

Mfone Employees Demand Unpaid Salaries

More than 100 former employees of the bankrupt mobile telephone company Mfone protested outside the firm’s shuttered offices in Phnom Penh yesterday, demanding that they receive salaries for working the month of February despite the company having already gone out of business. Mar Samoeun, 64, ...

http://www.cambodiadaily.com/

As Liquidation of Mfone Begins, Victims and Lawsuits Abound

As insolvency proceedings against bankrupt telecommunications firm Mfone begin, yet another company, Smart Mobile, has filed a court complaint to collect unpaid costs from the mobile operator, and the list of parties to have suffered from the firm’s collapse continue to grow. The Phnom Penh Municipal ...

http://www.cambodiadaily.com

Vendors Protest Over Worthless Mfone Cards

More than 100 mobile phone vendors protested yesterday outside the Phnom Penh headquarters of bankrupt mobile operator Mfone over their stocks of phone credit recharge cards that are now worthless, as the defunct company has transferred its subscribers to MobiTel, which does not recognize the ...

http://www.cambodiadaily.com

Rights Group Denounces Gag Order on Lawyers Before Election

New York-based advocacy group Human Rights Watch (HRW) has accused the Cambodian Bar Association of trying to silence potential government critics ahead of July’s national elections by imposing restrictions on lawyers making public statements. The Bar Association and the Information Ministry have both issued edicts that ...

http://www.cambodiadaily.com

Court Enforces Injunction Against Mfone

A court official on Friday agreed to implement an injunction to freeze the assets of bankrupt telecommunications firm Mfone Co. Ltd., according to a lawyer in the case. The Phnom Penh Municipal Court issued the injunction against Mfone on January 17, after Huawei Technologies Co. Ltd. ...

http://www.cambodiadaily.com

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