Logo of Phnom Penh Post newspaper Phnom Penh Post - Telecoms given more time to pay into funds

Telecoms given more time to pay into funds

The exterior of the Ministry of Posts and Telecommunications.
The exterior of the Ministry of Posts and Telecommunications. Moeun Nhean

Telecoms given more time to pay into funds

The Ministry of Posts and Telecommunications has extended the deadline for telecoms to make mandatory contributions to a pair of funds by a month after a large percentage of the companies did not pay, according to one fund’s manager.

The 2016 Telecom Law and subsequent sub-decrees set up the two funds – Capacity Building, Research and Development Fund (CBRD) and Universal Service Obligation Fund (USOF) – which have the broad purpose of promoting the development of infrastructure and services in rural areas, where companies might not otherwise invest, as well as promoting research and fostering new talent in the industry.

Telecom companies are forced to pay a percentage of their annual revenue into the funds each year.

Tol Gnak, who oversees the USOF, said yesterday that the original deadline of February 28 was postponed until the end of March, as many operators were negotiating with the ministry to fulfill their obligation in installments due to cash flow issues.

Gnak and the manager of the CBRD held a press conference early last month, during which they said only one-third of telecom companies had paid so far, putting the total amount contributed at $4.2 million out of an expected $17 million.

A single telecom, Smart Axiata, reported paying $3.5 million at the time, making it likely that fellow telecom giants Cellcard and Metfone had not paid their full amounts.

Gnak declined to give the amount of money currently in the funds, only noting it was higher than a month ago. He also declined to name which organisations had or had not paid their fees.

MOST VIEWED

  • Draft law on state of emergency pending finalisation

    Prime Minister Hun Sen will lead a top-level meeting on Tuesdays to review the draft law on imposing a state of emergency. Meantime, he has decided to close all casinos in Cambodia effective April 1. In the press conference after the National Assembly met today, Hun

  • Stranded passengers petition UK for help

    Some 10,521 foreigners in Cambodia, the bulk being from the UK, have signed an online petition calling on British Prime Minister Boris Johnson and relevant officials to fly them out of the Kingdom. The petition is targeted at 15,000 foreigners. Among them are nearly 200 Europeans, the majority

  • State of emergency on table amid pandemic

    Prime Minister Hun Sen, his deputy prime ministers and legal team will meet on Tuesday to review the draft law on declaring a state of emergency, as Covid-19 cases rose to 107 in the Kingdom on Monday. Speaking at a press conference after a parliament meeting

  • Covid-19 Pandemic: Force majeure and legal consequences

    Is the Covid-19 pandemic considered an event of force majeure? The World Health Organisation declared the novel coronavirus (Covid-19) outbreak a pandemic on March 11. Following this declaration, the Ministry of Health and other ministries have taken various legal and administrative measures to prevent the rapid

  • PM set to mend ties with US

    Prime Minister Hun Sen has responded to US Congressman Ted Yoho, saying he is ready to improve Cambodia-US relations, and not take up issues of disagreements which have become a barrier between the two countries’ bilateral cooperation. His response to Yoho came after the congressman

  • Mysterious century-old structure found at bottom of Angkor pond

    The Apsara National Authority (ANA) has discovered a mysterious 1,000-year-old structure of a wooden building at the bottom of a pond after the Angkor Wat temple’s conservation team completed restoring its northern cave. The deputy director at ANA’s Angkor International Research and Documentation