CamGSM

CamGSM, majority owned by businessman Kith Meng, operates Cambodia’s leading mobile telecommunications network via its Mobitel and Cellcard subsidiaries, delivering local and international telecommunications services, as well as being an internet service provider.[1][2][3]

Contents

History

Originally CamGSM was a joint venture between Millicom (61.5%) and the The Royal Group (38.5%), however the RG acquired Millicom’s share for US$346 million in 2009.[4][5] This deal, between the Bank of China, ANZ, Leopard Capital and Standard Bank, involved the largest and most complex syndicated loan in Cambodia's history, and was awarded the 2009 Asia Deal of the Year by Telecomfinance Magazine.[6] Both Telkom Indonesia and France Télécom, each the largest telecommunications company in their 'home' markets, have since demonstrated an interest in acquiring CamGSM.[7][8]

Corporate Social Responsibility

CamGSM employ's BP's hybrid solar-diesel split systems to power its base stations, generating 40% of this power via Solar.[9]

References

  1. ^ Cambodia - Telecoms, Mobile, Internet and Forecasts Report reference Section 8.32 and Table 18, Paul Budde Communication
  2. ^ The Thaksinization of Thailand, Duncan McCargo, Ukrist Pathmanand, NIAS Studies in Contemporary Asian History, 2004
  3. ^ "Cambodian mobile firm CamGSM gets $591 mln funding", Reuters, November 4, 2010
  4. ^ Royal Group of Cambodia Hires Two Banks for $421 Million Loan, Bloomberg December 1, 2009
  5. ^ "Royal Group Completes Full Buyout of Mobitel". The Phnom Penh Post, November 27, 2009.
  6. ^ Mobitel Deal Wins Prize, The Phnom Penh Post, February 1, 2010
  7. ^ INDONESIA'S TELKOM EXPECTS TO ACQUIRE CAMBODIA'S CAMGSM THIS YR, Bloomberg, April 26, 2011
  8. ^ France Telecom looking at investing in Cambodia's Mobitel, Reuters, December 17, 2010
  9. ^ BP Remote Telecommunications: CamGSM Phase 1 Cambodia

External links