Logo of Phnom Penh Post newspaper Phnom Penh Post - Indonesia telco sets sights on CamGSM

Indonesia telco sets sights on CamGSM

Indonesia telco sets sights on CamGSM

TELEKOMUNIKASI Indonesia is reportedly still in talks to acquire a majority stake in Cambodian mobile operator CamGSM, after originally targeting completing the deal during the first quarter of 2011.

“The planned deal would be Telkom’s first major purchase overseas, and would signal further consolidation as fast-growing Southeast Asian mobile markets mature,” Reuters news agency has reported.

In December, Telkom Chief Commissioner Tanri Abeng said he hoped negotiations for a stake in CamGSM would be completed during the first quarter of 2011.

Royal Group and Telkom Indonesia officials did not return requests for comment yesterday.

France Telecom was also linked to negotiations over CamGSM last year. Last week France’s Ambassador to Cambodia Christian Connan said he was not aware of any negotiations since the beginning of the year.

Meanwhile, the Ministry of Posts and Telecommunications generated revenues of $28.5 million in 2010, a 53 percent increase on $18.6 million in 2009, according to its annual report released yesterday.

Revenue comes from tariffs from telecommunications companies and internet operators, as well as licensing fees, postal services, and spectrum management, it said.

“We see that telecommunication industry has rapidly developed both in scopes and in operational infrastructure expansion to rural areas in recent years,” Minister of Posts and Telecommunications So Khun said.

The report also claimed that Vietnam’s Metfone had 4.52 million subscribers at the end of December. It claimed 2.84 million subscribers in November. The next largest operators were Cellcard with 2.7 million and Mfone with 1.1 million. Some industry insiders have previously expressed scepticism over accuracy of subscriber figures.

MOST VIEWED

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • Four-pillar approach in reopening of tourism: PM

    Cambodia is drawing up a four-strategy approach to promptly restore domestic and international tourism activity and put the industry on a transition pathway to a sustainable and inclusive model that is resistant to future crises, according to Prime Minister Hun Sen. The prime minister made

  • Airline says ready for green light to reopen international tourism

    Sky Angkor Airline Co Ltd on September 21 said it is ready to transport South Korean and Chinese tourists to the Kingdom once the Cambodian government makes good on plans to reopen its borders to vaccinated travellers. The Siem Reap-based airline made the remark during a

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Cambodian bride ‘badly treated, held captive’ by Chinese man seeks help

    A Cambodian woman who travelled to China to marry a Chinese man there was “badly treated” by her husband’s family and then had to be rescued and will be returned to Cambodia to ensure her safety. The rescue operation came about after the 25-year-old