Telecoms news from Cambodia
The remaining assets of Cambodia's bankrupt mobile network, Mfone are to be sold off by the administrator in an effort to recover the US$160 million that would be needed to settle the company's debts. ...more.
Cambodia's mobile networks have agreed to curb the hyper-competition between them and will abide by regulations limiting promotional offers. ...more.
Russia's VimpelCom has sold its entire indirect stake in Sotelco in Cambodia to its local partner, Mr. Huot Vanthan. ...more.
Huawei has agreed to life an injunction it had secured against the bankrupt Cambodian mobile network, Mfone, paving the way for the administrators to start selling off its assets. ...more.
Cambodia's bankrupt mobile network operator, Mfone had assets of just US$105 million, compared to liabilities of US$159 million it was revealed this week. ...more.
Former employees of the bankrupt Cambodian mobile network, MFone have been told they will have to wait another month before being offered any of their outstanding wages. ...more.
Former employees of the bankrupt Cambodian mobile network, Mfone have protested outside the company's former offices to demand unpaid wages worth around US$4 million. ...more.
Two of Cambodia's mobile networks, Hello Axiata and Smart Mobile have completed a previously announced merger, and will be adopt a refreshed Smart Mobile brand identity. ...more.
An attempt by a Cambodian mobile network to migrate its customers to a rival network after filing for bankruptcy may be held up by legal action from Huawei over unpaid invoices. ...more.
Cambodian mobile network operator, Mfone has filed for bankruptcy after its Thai based parent company failed to complete a deal to sell the company to INT Management Service. ...more.
Moody's Investors Service says that Axiata Group's merger of its wholly owned Cambodian subsidiary, Hello Axiata and Latelz is positive, but has no impact on Axiata's Baa2 issuer and senior unsecured ratings. The outlook remains stable. ...more.
Two of Cambodia's mobile networks have announced that they are to merge, to create the country's second largest mobile network operator with a combined five million customers. ...more.
Russia based Vimpelcom is reported to be looking at selling off a number of its smaller subsidiaries in Asia and Africa as it refocuses its attention on its main markets. ...more.
High consumer demand for smartphones and basic feature phones in Southeast Asia's fast developing markets continue to drive buoyant performances in the mobile phone sector. ...more.
Tablet frenzy has hit Southeast Asia's developing countries with technology lovers there having snapped up more than 1.6 million tablets over the twelve month span of 2011. ...more.
TeliaSonera has announced that it has sold its 18.6% stake in Cambodia's Smart Mobile, and entered into an agreement to increase its ownership in Nepal's Ncell. ...more.
Cambodia's Smart Mobile announced today that its subscriber base has exceeded 2 million in January. ...more.
Cambodian WiMAX network operator, EMAXX Telecom has selected PureWave Networks as a supplier for its network infrastructure. ...more.
Thailand's Thaicom is considering selling its Cambodian and Laos subsidiaries, citing poor performance in the highly competitive markets. ...more.
Cambodia's overcrowded mobile market may see some much needed consolidation if Digital Star Media is able to buy the smaller rival network, Excell. ...more.