Logo of Phnom Penh Post newspaper Phnom Penh Post - Smart invests $1.4B to broaden telecom access

Smart invests $1.4B to broaden telecom access

Content image - Phnom Penh Post
Axiata Group Berhad chief executive officer Jamaludin Ibrahim met with Prime Minister Hun Sen at the Peace Palace on Monday. Hun Sen's Facebook page

Smart invests $1.4B to broaden telecom access

Smart Axiata announced on Tuesday that it had invested $1.4 billion of capital up until the end of last year to expand its Cambodian operations, as the Kuala Lumpur, Malaysia-based subsidiary of Axiata Group Berhad strengthens its dominance of the Kingdom’s market.

Axiata Group Berhad chief executive officer Jamaludin Ibrahim said in a statement after a meeting with Prime Minister Hun Sen at the Peace Palace that the investment would introduce more advanced technologies to its Cambodian subscribers, including the high-speed 5G network.

“Smart Axiata’s investments are not only profitable but are aimed at contributing to the economic development of Cambodia as well as the Cambodian society,” Jamaludin was quoted as saying.

Hun Sen expressed his appreciation for Smart Axiata’s continued support of Cambodia’s development through contributions to various humanitarian programmes.

But he also requested that it prioritise service in rural communities, educational institutions and hospitals so that all Cambodians can benefit from the investment.

“Smart Axiata [should] consider [revising its] services for roaming abroad so that it can handle both inbound and outbound [communications]. Internet services should be available to more countries.

“By expanding the scope of its business locally and internationally, it will become more popular with the people and students as Smart Axiata sees tremendous potential in the [Kingdom’s] telecommunication sector.

“This has been reciprocated through a strong [support] from the Cambodian people, ” Hun Sen said in the statement.

Jamaludin pledged that the company would continue to contribute significantly to social issues such as education, the environment and sports, saying: “Smart Axiata will continue to expand its presence in rural areas across the Kingdom.”

Already, the company has contributed more than $8.3 million to the government’s Universal Service Obligation Fund, as well as its Capacity Building and Research and Development Fund to carry out mobile broadband infrastructure and human resource development projects.

Last year, Smart Axiata contributed nearly $374 million to the economy, accounting for some 1.5 per cent of the Kingdom’s gross domestic product, the company’s 2018 Sustainability Report said.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Bosba: The first Khmer woman composer from UK’s Cambridge

    Bosba Panh is just 25 years old, but she’s already accomplished some impressive milestones for herself and the Kingdom. On July 24, she graduated with a Master’s degree from the University of Cambridge as the first Khmer woman composer and Khmer music graduate ever at

  • Pailin longan winery tries to break through to the big time

    Longan aren’t quite as glamorous as some fruits. They don’t have the star-power of mangos or generate the excitement of a pricey seasonal niche fruit like the pungent durian. Unlike bananas or oranges, which are known and loved everywhere, longan remains a decidedly

  • Debt restructuring over, time to tackle rising NPL ratio

    The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease Implemented in April 2020, the Covid-19 debt restructuring measures came

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’

  • Koh Slaket studio resort brings culture with style

    Davitra (Cambodia) Co Ltd’s multi-million-dollar 13ha Koh Slaket studio-cum-resort just east of the capital was inaugurated in the first phase on August 6, providing national and international tourists with a new travel option and job opportunities for locals. The man-made cultural and scenic lakefront getaway