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

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,