Logo of Phnom Penh Post newspaper Phnom Penh Post - BRCM puts down $4M for telecoms

BRCM puts down $4M for telecoms

BRCM puts down $4M for telecoms

Phnom Penh-based private equity investment manager Belt Road Capital Management (BRCM) announced a $4 million investment in the regional telecommunications industry, a statement released on Thursday said.

“The telecommunications industry, heavily dependent on legacy carriers, has by and large been able to resist the advances of challengers and innovators. But that’s about to change,” it said.

Recognising the opportunity to disrupt a $4 billion roaming market, BRCM made a strategic investment in Unnitel, a next-generation data and mobility solution provider that has already gained traction in the market with its WeRocket brand.

“This is BRCM’s first investment into the telecommunications space. We are very excited to work with experienced telecommunications operators,” said Alex Odom, BRCM chief investment officer.

“We see huge potential in this sector as demand for data continues to soar in Southeast Asia,” he said.

David Milroy, the executive chairman of Unnitel, said it will be a learning experience and they are very excited to partner with BRCM.

“BCRM is quick to understand how we are taking ground-breaking technology and turning it into a range of products and services that reimagines the possibilities of global connectivity and mobility for the frequent traveller,” he said.

In future, Unnitel will look to actively sell its devices directly to Cambodian customers and will be looking to partner leading local telecoms companies.

In January, BRCM partnered with and invested $1.8 million into Digital Classifieds Group, the company behind realestate.com.kh, the Kingdom’s leading property portal.

MOST VIEWED

  • Phnom Penh authorities ban march for Human Rights Day

    Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN

  • Phnom Penh’s Jet’s Container Night Market shuts down

    The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two

  • Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’

    Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.

  • EU ambassador to Cambodia: Rights a ‘work in progress’

    The EU ambassador to Cambodia has called human rights “a work in progress” and said the 28-nation bloc has “carefully” noted last week’s statement by the government on taking further steps to strengthen democracy and the political sphere in the Kingdom. The EU marked