News

Bankrupt telecommunications company Mfone yesterday handed out the final instalments of unpaid wages to former employees. More than 1,000 former Mfone staffers received the remaining 30 per cent of their unpaid wages after the telecommunications firm filed for bankruptcy in February 2013. Since then, workers have ...

About 30 former employees of now-defunct mobile operator Mfone protested Tuesday outside the office of the company’s liquidator, demanding pay promised to them and more than 1,000 other employees after the operator collapsed last year. Mr. Darin said he was paid 70 percent of his ...

The administrator charged with liquidating bankrupt mobile operator Mfone filed a complaint Tuesday with the Phnom Penh Municipal Court, requesting it to order two companies to pay money owed to Mfone after repayment negotiations apparently failed, the administrator said. Mobile payment service WING Cambodia Co. Ltd. ...

When one of Australia’s top intelligence agencies in 2009 presented staff with a slideshow detailing their attempts to intercept mobile telephone calls by Indonesia’s president, first lady and top officials, it also revealed other possible spying targets—including one of Cambodia’s largest mobile operators, MobiTel, according ...

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 ...

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, ...

‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...

Nearly a decade ago, Meng Chor inherited a rooftop rental agreement with a telecommunications firm after buying a property on Mao Tse Toung Boulevard. For $300 a month over a 10-year lease, the contract allowed the company that later became Mfone to keep the cell tower ...

After months of protests, more than 1,000 former Mfone employees yesterday received just 10 per cent of the $4.4 million they were demanding in compensation after the telecom company filed for bankruptcy in January. Court-appointed administrator Ouk Ry, entrusted with the sale of Mfone’s assets, ...

Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court. “We do owe Mfone money, ...

Bankrupt mobile phone operator Mfone is planning to file a com­plaint with the Phnom Penh Muni­cipal Court against six tele­com­muni­ca­tions firms it says have failed to pay back more than $1 million in outstanding debt to the firm, the court administrator charged with overseeing Mfone’s ...

The company behind the defunct mobile operator Mfone has told its former employees that it will consider covering millions of dollars allegedly owned to them in severance pay. The former employees have vowed to keep protesting until they are paid the $44.44 million to which ...

More than 100 former employees of bankrupt mobile phone operator Mfone traveled from three provinces yesterday to protest outside the firm’s shuttered office on Phnom Penh’s Monivong Boulevard demanding their severance pay. Sok Samphorn, an engineer who was employed by Mfone, said employees from Phnom Penh, ...

The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...

The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ...

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 ...

A court administrator and creditors who have filed complaints against bankrupt mobile operator Mfone are at loggerheads over whether or not to overturn two injunctions filed against the firm to stop it selling off its assets. “The judges are now considering to drop the injunctions because ...

About 200 former Mfone employees gathered in front of the Thai embassy in Phnom Penh yesterday in protest over claims that Thaicom, the failed telco’s parent company, had paid Thai staff even though Cambodian staff were still owed compensation. Noun Sam Ath, a former sales executive, ...

Huawei Technologies (Cambodia) Co agreed yesterday to withdraw its injunction against Mfone in order to pave the way for a court-appointed administrator to sell the bankrupt company’s assets and compensate its many creditors. Along with other creditors, Huawei representatives expressed concerns that the assets would ...

Prime Minister Hun Sen approved a decision in January to transfer hundreds of thousands of customers from bankrupt mobile phone operator Mfone to the country’s largest telecommunications firm, Mobitel, despite a court injunction preventing Mfone from offloading assets. According to the statement released yesterday by the ...

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...

The Ministry of Post and Telecommunications has revoked the operating licence of bankrupt phone operator Mfone, which went out of business two months ago, while more than 1,000 employees had their jobs officially terminated yesterday. The revocation of the licence and the mass dismissal of the ...

Thousands of creditors have come forward alleging they are owed a combined $160 million by bankrupt mobile phone operator Mfone, the administrator appointed to the case said yesterday. “Mfone owes money to hundreds of companies and thousands of individuals totaling $160 million,” he said. Nim Solida, ...