Cambodia's MobiTel to buy telecommunication materials from Singapore
MobiTel, Cambodia's largest mobile phone service provider, signed an agreement to purchase 150 million U.S. dollars worth of telecommunication materials from the Singapore-based Alcaltel-Lucent Company, officials said on Wednesday.
"Today we signed the purchase agreement of telecommunication materials from Alcatel-Lucent Company to further advance the availability of world-class cellular phone services in Cambodia," said Kith Meng, chairman of MobiTel.
The agreement will allow a major expansion of MobiTel's rural network, increasing the access to modern communication for many more people throughout Cambodia, he said.
Pierre-Alain Cadillon, vice president and head of the South Asia regional unit of Alcatel-Lucent, said that the expansion over the next four years will bring a new range of mobile communication services, ranging from voice mail, video transmission, mobile TV to internet access, to more three million subscribers in Cambodia.
Kith Meng said that MobiTel borrowed money from banks of the United States and Australia to finish the purchase, and the Cambodian government also provided support.
Kith Meng and Pierre-Alain Cadillon signed the agreement here Wednesday in the presence of Cambodian Deputy Prime Minister Sok An.
Cambodia opened the mobile telecommunication sector to private capital in 1992. Currently, around 21 percent of the kingdom's 14 million population adopt mobile phone as their major communication solution.
Source: Xinhua
"Today we signed the purchase agreement of telecommunication materials from Alcatel-Lucent Company to further advance the availability of world-class cellular phone services in Cambodia," said Kith Meng, chairman of MobiTel.
The agreement will allow a major expansion of MobiTel's rural network, increasing the access to modern communication for many more people throughout Cambodia, he said.
Pierre-Alain Cadillon, vice president and head of the South Asia regional unit of Alcatel-Lucent, said that the expansion over the next four years will bring a new range of mobile communication services, ranging from voice mail, video transmission, mobile TV to internet access, to more three million subscribers in Cambodia.
Kith Meng said that MobiTel borrowed money from banks of the United States and Australia to finish the purchase, and the Cambodian government also provided support.
Kith Meng and Pierre-Alain Cadillon signed the agreement here Wednesday in the presence of Cambodian Deputy Prime Minister Sok An.
Cambodia opened the mobile telecommunication sector to private capital in 1992. Currently, around 21 percent of the kingdom's 14 million population adopt mobile phone as their major communication solution.
Source: Xinhua
5 comments:
Tell me how many Cambodian private companies that needs funding too?
Let play it fair ok! There is no equal opportunity in Cambodia especially in dealing with HUN SEN corrupted government because everything is done along party line!
Wait for People-Power to wash Cambodia cleane off crook!!!!
khmer is better then vietnam. but because of the cpp. khmer people becoming more like vietnamese.
these currupted govt gonna be like "hitler" one day soon. When the people patience is running out.
people gonna burn these cpp officials like pol pot!!! history will reveal the people judgement on these crooks.
THis is how Kith Meng has made his monies by associating with Hun Sen. His monies or Hun Sen, who know? he has replaced THai Bun Rong (death)for dealing Hun Sen personal finance to mask Hun Sen'corruption from his CPP peers.
I was living in Cambodia for about 8 months and I walk around a lot. Kith Meng I hear is name every where in Cambodia. He is a good businessman but you should see the company that he runs. First off I would like to tell you about his mobitel phone services. During the Cambodian New Year there was no phone services every Mobitel phone we have. We can even make a phone during the emergency situation. If this guy care like he say he does he should at least fix that. Second he use middle man to kick out the poor from their land and not finding them another place to stay. With the money he have he should be able to buy a tent for the poor but nothing. His cambodiana hotel taxes people but nobody tax in Cambodia only him. His that something that he have deals with Hun Sen. None of his company do anything for the poor all they do is tell outside media that they do but its not ture. He ask a couple of my friends to go Koreok club. People tell me he is married well if he is not those club are most sex club. This guy love to bring young ladies to those club. This is where it break me the most forbe.com make him as a hero that break my heart because this is not what America stand for. I hope Forbe can take back what they said and find a real hero that stand for Cambodia and changes not corrupt like these guys..
Kith Meng number1 corruption
Chhay Hok Number 1 in cheating customer with computer product
Craig Jones JSM Indo China corrupted ( An American) so sad to see an American involved.
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