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.

MOST VIEWED

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • EU timber deal in firing line

    A committee of more than 20 national and international organisations filed a petition to the EU on October 10 to prevent it from signing a timber trade agreement with Vietnam, noting that the deal would be disastrous to the Kingdom’s forests. The petition claims Vietnamese timber

  • Kim Sok to keep up fight ‘for change’ from Finland

    Kim Sok, wanted by the Kingdom’s authorities for defaming the government, reiterated on Sunday his determination to continue helping to make “a real change” to Cambodian politics after receiving asylum in Finland, even as a government spokesman mocked the political analyst over the development.

  • PM: Programme to recover Vietnam War missing back on

    Prime Minister Hun Sen has announced the resumption of the MIA programme to recover the remains of American service personnel missing after action on Cambodian soil during the Vietnam War. The programme was suspended for more than a year after the US government imposed visa