Tuesday, August 25, 2009

Cambodian Network Looking for New Investors

Cambodia based CDMA operator, GT-Tell says that it is seeking an investor to fund its nationwide network expansion. Currently GT-Tell, operating under "Excell" brandname offers services both voice and data, including EVDO (3G) Mobile Broadband services in Phnom Penh and surrounding province.

Commercial operations of the company started last July and has signed up some 40,000 subscribers.

Japan's DoCoMo recently expressed an interest in buying a stake in a Cambodian mobile network without specifying any details. Millicom International recently existed the country by selling its 58.4% stake in CamGSM and associated companies for US$346 million.

Figures from the Mobile World notes that the country ended Q1 '09 with an estimated 4.4 million mobile phone users - representing a population penetration level of 30%. The country has eight mobile networks.

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