Logo of Phnom Penh Post newspaper Phnom Penh Post - Former Mobitel owner reports profit up 14pc

Former Mobitel owner reports profit up 14pc

Former Mobitel owner reports profit up 14pc

MILLICOM International Cellular, former owner of Cambodia’s largest mobile provider Mobitel, reported a second-quarter profit of US$929 million, a 14 percent growth year on year. Strong revenues from the Luxembourg-based provider’s South American units contributed to profit growth, it said in a press release. Last year, the firm planned to sell its 78 percent stake in Laotian mobile provider Tigo to Vimpelcom, the owner of Cambodia’s Beeline.

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