Shenzhen Jindun Investment Developing Co., Ltd. will invest in Cambodian Fiber Optic Communication Network Co., Ltd. (CFOCN) to construct optical fiber cable backbone system and related infrastructure for Cambodia, according to the agreements signed in Phnom Penh on Friday.
Jindun Chairman Huang Xinglong, Cambodian Minister of Commerce Cham Prasidh, and Cambodian Minister of Post and Telecommunications So Khun signed the agreements on behalf of the companies and the Cambodian government at the Cambodian Development Council.
According to the agreements, CFOCN will lay over 8,000 kilometers of fiber to establish a communication network all over Cambodia in three to five years, thus making the kingdom capable of communicating with the latest technology.
The volume of the investment was not disclosed.
The agreements came in line with the Cambodian government's priority policy to develop the industry of communications with wide acceptance of investments from foreign countries, said a press release from CFOCN.
Cambodia currently relies on macro-wave and satellite for tele-communications, which brings about high costs and various impediments to its social and economic development.
Meanwhile, most of its rural territories don't have functional communication means and only 7.8 percent of its 15 million population possess mobile phones.
Source: Xinhua
Jindun Chairman Huang Xinglong, Cambodian Minister of Commerce Cham Prasidh, and Cambodian Minister of Post and Telecommunications So Khun signed the agreements on behalf of the companies and the Cambodian government at the Cambodian Development Council.
According to the agreements, CFOCN will lay over 8,000 kilometers of fiber to establish a communication network all over Cambodia in three to five years, thus making the kingdom capable of communicating with the latest technology.
The volume of the investment was not disclosed.
The agreements came in line with the Cambodian government's priority policy to develop the industry of communications with wide acceptance of investments from foreign countries, said a press release from CFOCN.
Cambodia currently relies on macro-wave and satellite for tele-communications, which brings about high costs and various impediments to its social and economic development.
Meanwhile, most of its rural territories don't have functional communication means and only 7.8 percent of its 15 million population possess mobile phones.
Source: Xinhua
5 comments:
Fiber optic! Yes it is about time that all over Cambodia must be connected by fiber optic which speed up the internet access!
I say welcome some Chinese company in the field of technology!
Yep, and again the CPP don't just
provide people with lipservice like
other parties. They actually making
one progress after another.
Chey Yoh, CPP! Chey Yoh CPP!
Long live Somdach Hun Sen.
Stupi guy at 5:01PM
The country must and need to have opposition like other countries.
5:01PM,
I can understand your excitement. High technology requires higher education. If the government does not focus on this area, Cambodians will work low-paying jobs for Chineses corps. Hence, employment level and poverty remain the big issue. Comparing to its neighboring countries Cambodia leaders need to push it little harder... All and all welcome to this good news. God bless Cambodia
We will, once we are done with
developing our rural to produce
our organic farms goods. So be
patient, will ya? we only got
so much revenues at our disposal.
And you're right 5:01, I am not
opposing oppositions, but won't
you guy be better of with a
more effective oppositions? the one
you got now doesn't look like it
going to go anywhere in the next
decade or two if you know what I
mean?
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