Logo of Phnom Penh Post newspaper Phnom Penh Post - Govt sells Samart stake

Govt sells Samart stake

Govt sells Samart stake

THE Ministry of Post and Telecommunications (MPTC) has relinquished its 30 per cent

interest in Cambodia Samart Communication, allowing it to be fully taken over by

Thailand's Samart Corp.

Secretary of State So Khun and Samart's Chief Executive Char-oenrath Vilailuck inked

a 25-year extension contract last week.

"By doing this, we allow Samart to expand their network nationwide rather than

in selected provinces," So Khun said, adding that in the near future Samart

will introduce global system mobile (GSM).

From now, Cambodia Samart will operate for 32 years instead of its original 10 year

contract awarded in 1992. Under the old accord, MPTC had a 30 percent in Cambodia

Samart.

Khun said that the new agreement required Cambodia Samart to pay to Cambodia 7 per

cent of its gross revenue for the first three years, 12 percent for the following

three years and 15 percent until the contract expires. The contract was renewable,

pending discussion between MPTC and the company, he said.

The company has invested $15 million since 1992 and intends spending a further $20

million over the next year on equipment and improving the system.

It said its plans included leasing headquarters in Phnom Penh and changing from satellite

to microwave transmission to improve communication capacity and increase voice transmission

in Kompong Som, Siem Reap and Battambang provinces.

In addition to the three provinces, Samart mobile phones also operates in Kompong

Cham and the company is considering hooking Kampot and Koh Kong provinces by late

June and July. Two more base stations in Svay Rieng and Takeo will be added.

Khun said that the Thai-own company currently had nearly 10,000 subscribers or 65

percent of the Cambodian hand-phone market.

MOST VIEWED

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,