News

Norwegian firm sues Mfone over $3.7m debt

A lawyer for Norwegian-owned power and electronics equipment firm Eltek Valere yesterday called on investors not to buy stakes in the Thai-owned mobile phone operator Mfone, and to await court’s ruling. The lawyer’s appeal came after the Phnom Penh Municipal Court issued a warrant for keeping ...

http://www.phnompenhpost.com/index.php/2012103059457/Business/norwegian-firm-sues-mfone-over-37m-debt.html

Court Issues Injunction Over Mfone Debt

The Norwegian energy firm Eltek Valere won an injunction from the Phnom Penh Municipal Court earlier this month against the Thai-owned mobile operator Mfone after it filed a complaint claiming that Mfone had failed to pay $3.73 million in service charges, court documents obtained Friday ...

http://www.cambodiadaily.com/business/court-issues-injunction-over-mfone-debt-4878/

Mobile Phone Firms Threaten to Sue Mfone

Mobile phone operators Hello Axiata Co. Ltd. and Latelz Co. Ltd. are threatening to take legal action against the Thai-owned firm Mfone for allegedly refusing to pay hundreds of thousands of dollars allegedly owed to them in interconnection fees. In a letter dated October 12 to ...

http://www.cambodiadaily.com/business/mobile-phone-firms-threaten-to-sue-mfone-4811/

Cambodia's highly competitive mobile phone industry poised for change

The nation is awash with SIM cards, and that is indicative of an industry that, as most observers see it, is simply overcrowded. But [mobile phone] operators, despite their special promotions and a young population in love with phones, are finding themselves squeezed as margins ...

Active acquisition is a GO

Malaysian-based GO Communications Group signed an acquisition deal to buy out Cambodian based Active Event Management, on Friday, Sept 21, 2012. Siet Sisopheak, managing director of Active, said GO became interested in the company because of improvements in Cambodia’s economy and how it would benefit the ...

http://www.phnompenhpost.com/index.php/2012092558890/Business/active-acquisition-is-a-go.html

Cambodian king visits Vietnam to cement bilateral ties

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm

Telco regulator launched

The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing  conflicts among mobile ...

http://www.phnompenhpost.com/index.php/2012092158837/Business/telecom-ministry-launches-regulator.html

Ad Revenues Slow, Telecoms Scale Back

Revenues generated in the advertising sector through the first seven months of the year reached $68.7 million, an increase of 6.84 percent compared to the same period last year, according to data released yesterday by Indochina Research. Although the industry has continued to grow in terms ...

Mobile Phone Subscriptions Near 20 Million

The number of mobile telephone subscriptions reached nearly 20  million at the end of June, representing 135 percent of the total population, the telecoms minister said last week. The number of mobile subscriptions first topped Cambodia’s total population of 14.5 million people in November last year, ...

Camintel to join mobile scramble

A ninth telecoms operator would enter the Cambodian market next year, officials said yesterday, surprising insiders who claimed the sector was already overcrowded. Camintel, a joint Cambodian state- and Korean-owned company, would offer mobile services in 2012, CEO Kang Namkook said yesterday at a telecommunications conference ...

http://www.phnompenhpost.com/index.php/2011102752377/Business/camintel-to-join-mobile-scramble.html

Mobile market still growing

Cambodian mobile operators added more than 1 million new subscribers between May and July, with Smart Mobile seeing the largest percentage increase for the period, according to Ministry of Posts and Telecommunications figures obtained by the Post. Marc Einstein, a Tokyo-based analyst at research and ...

http://www.phnompenhpost.com/index.php/2011090751483/Business/mobile-market-still-growing.html

‘Price Dumping’ in Telecoms Market Still Persists

The Ministry of Post and Telecommunications implemented a law preventing mobile phone service providers from selling at less than cost over a year and a half ago, though the companies are still lowering their tariffs in an effort to remain competitive in the highly saturated ...

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