Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Mobitel spends $40m

In Brief: Mobitel spends $40m

In Brief: Mobitel spends $40m

CAMBODIA’S leading mobile company by market share, Mobitel, has spent $40 million of a loan disbursed by the International Finance Corporation (IFC) with private partners including ABN Amro finalised earlier this year. Julia Brickell, the IFC’s representative in Cambodia, said 40 percent of the total $100 million package had been used by the firm by the end of September. The IFC said on its Web site that the loan was for rural expansion of the network. Mark Hanna, chief financial officer of Royal Group, a minority stakeholder in Mobitel, was unavailable for comment on the issue.

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