In Brief: Mobitel spends $40m
Wednesday, 14 October 2009 15:00 Steve Finch
CAMBODIA’S leading mobile company by market share, Mobitel, has spent $40 million of a loan disbursed by the International Finance Corporation (IFC) with private partners including ABN Amro finalised earlier this year. Julia Brickell, the IFC’s representative in Cambodia, said 40 percent of the total $100 million package had been used by the firm by the end of September. The IFC said on its Web site that the loan was for rural expansion of the network. Mark Hanna, chief financial officer of Royal Group, a minority stakeholder in Mobitel, was unavailable for comment on the issue.
In Brief: No legal progress
Wednesday, 14 October 2009 15:00 POST STAFF
SOK Roeun, the deputy prosecutor overseeing Mobitel’s legal case against mobile competitor Beeline, said Tuesday there has been no further progress in the case at the Phnom Penh Municipal Court. He told the Post at the end of September that the case, which centres on Mobitel’s allegations against Beeline that it has been price-dumping and using Mobitel's prefixes illegally, was filed at the beginning of August. Since that time the government has passed a prakas (edict) on interconnectivity and is due to pass another on pricing.
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