Telecom Cambodia FY10 revenue exceeds target

via CAAI

Monday, 31 January 2011

Cambodia’s state-owned incumbent fixed line operator Telecom Cambodia (TC) has surpassed its revenue target for 2010, Khmer Weekly reports. Without disclosing the firm’s exact revenue or profit total, TC’s general director, Lao Sareoun, said the company aimed to generate turnover of USD31 million in 2010. ‘The recovery of the global financial crisis and especially the improvement of our economy is why [TC’s revenue] rose,’ he said, adding: ‘Although we see the increase [in revenue] of many private companies, our business was still good [because] we tried to upgrade our services and introduced new ones to attract customers.’ In the year ended 31 December 2009 the company achieved 95% of its USD29 million revenue plan, an estimated USD27.55 million. The general director also revealed that at present, TC has over 35,000 fixed line subscribers.

TeleGeography’s GlobalComms Database states that TC was created in January 2005 to carry out the telecoms-related operational activities of the Ministry of Post and Telecommunications Cambodia (MPTC) and has been operational since 1 January 2006. It is the principal provider of fixed line services, although it faces significant competition from Vietnamese military-owned Metfone, as well as limited competition from Camintel and Mfone (formerly Camshin). TC will be one of the first companies to list on Cambodia’s stock exchange when it launches later this year.