Logo of Phnom Penh Post newspaper Phnom Penh Post - Royal Group in talks to buy telco satellite from China

Royal Group in talks to buy telco satellite from China

Royal Group in talks to buy telco satellite from China

Cambodia’s Royal Group is negotiating to purchase a satellite from the China Aerospace Science and Technology Corporation for its telecoms operations, according to Minister of Commerce Cham Prasidh.

Prime Minister Hun Sen, accompanied by Royal Group of Companies president Kith Meng, had visited the China Aerospace Science and Technology Corporation during his official visit to China, Cham Prasidh told reporters at Phnom Penh International Airport on the premier’s return from Beijing.

“Kith Meng is in talks with the Chinese firm to buy a satellite that could cost between US$300 million and US$400 million,” he said, adding that the satellite could be used for about 15 years.

Royal Group owns the Kingdom’s largest mobile phone operator, Mobitel.

Currently, Cambodia uses satellites that are operated by neighbouring countries including Thailand, Vietnam and Singapore.

Agreements covering $500 million in soft loans and $48 million in grants had been signed during Hun Sen’s visit to China over the weekend, Cham Prasidh told a briefing yesterday.

“This is a big number, as Hun Sen has said, and will be used to improve infrastructure,” Cham Prasidh said, adding that it would help build 400 kilometres of roads a year over several years.

In April, 2011, the Royal Group received a concess-ion to launch Cambodia’s first satellite, creating what the company sees as another integral step forward for the ASEAN economy.

Cambodian Satellite 1 was set to launch in the first quarter of 2013, the Post reported at the time.

Additional reporting by reuters

MOST VIEWED

  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration