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

  • CDRI poll: Most happy but disappointments still exist

    A survey has found that over 70 per cent of Cambodian youths and adults approve of the direction the country is headed in, with the majority of respondents saying they had been doing better financially over the past five years. However, more than half said they

  • Drugs raid on Miami Night Club, 50 held

    Anti-drugs police raided a club in Chamkarmon district’s Boeung Keng Kang I commune in Phnom Penh early on Thursday, arresting some 50 people and confiscating drug-producing equipment and suspected illegal substances. Deputy National Police chief Mok Chito said on Thursday that police conducted the raid

  • Phnom Penh: The street food you adore, but given a refined twist

    There is no shortage of street food vendors scattered across Phnom Penh, but what is far rarer is finding a place that also has comfortable seating, good hygiene and parking. This is where Jing Ling and her five friends step in. With the concept of

  • Battambang court releases minor who shot boy

    The Battambang provincial court on Thursday released a 14-year-old boy who had been detained for accidentally firing a home-made gun and killing a nine-year-old boy in Samlot district on Tuesday, provincial court spokesman Tieng Sambor said. Sambor told The Post on Thursday that following the