Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Cellcard’s COO Kay Lot resigns

Cellcard’s COO Kay Lot resigns

Cellcard’s COO Kay Lot resigns

One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned.

The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago.

Telecommunications industry insiders say the otherwise healthy and profitable mobile operator is struggling to make payments on bank loans, in an atmosphere of increasing competition from other operators and ever-changing technology.

Cellcard Chief Executive Officer Ian Watson confirmed Kay Lot’s resignation.

“We thank Kay Lot for his exceptional services and leadership to Cellcard, and we are sorry to see him go,” said Cellcard CEO Ian Watson. “However, we recognise that Kay Lot’s decision to resign is a normal part of the human resource cycle and we wish him well in his future endeavours.”

Owned by Kith Meng’s Royal Group, Mobitel, which is now referred to by the brand name Cellcard, started out as a partner of global telecommunications company Millicom until it was bought out by Royal Group, which became 100 per cent owner in late 2009. Long regarded as a very profitable company, Cellcard today faces increasing competition in Cambodia’s highly crowded telecommunications market.

Industry insiders say overall telecommunications market revenues have fallen in recent months because of vigorous competition and price reductions between the mobile operators. Many offers are known to have been made by rival telecommunications companies seeking to acquire each other.

“Cellcard is a multi-layered company with plenty of management capability and depth of expertise, and while Kay Lot will be missed we are confident that the company will maintain its leadership position in the mobile phone sector,” Watson said.

Kay Lot was COO for four years. Prior to that he served as chief financial officer. He said Cellcard was well positioned in the market.

“Working with Cellcard has been an immensely rewarding experience and I will be leaving with positive feelings. I am confident that the company will continue to succeed and make positive contributions to Cambodia. We have a great team here and they will continue to live up to our customers’ expectations,” said Kay Lot.

To contact the reporter on this story: Stuart Alan Becker at [email protected]

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all