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Logo of Phnom Penh Post newspaper Phnom Penh Post - Thaicom’s operations in Cambodia lose $4m

Thaicom’s operations in Cambodia lose $4m

Thaicom’s operations in Cambodia lose $4m

THAICOM, owner of Cambodian DTV Network and 51 percent owner of mobile provider Mfone, reported a turnaround loss of US$3.9 million in its Cambodian operations for the first half of 2010, according to results released yesterday. It cited a “price war” and “intense competition” among the Kingdom’s nine mobile service providers. Thaicom made a $5.8 million profit in the same period of 2009.

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