Star-Cell bought by a European company

In Business on September 30, 2008 by viCheth

CambodgeSoir, 29-09-2008 by A.N

The Nordic TeliaSonera has bought the fourth largest Cambodian mobile phone operator, continuing its development strategy in emerging countries.

On Friday 26 September, TeliaSonera announced in a communiqué having taken over two mobile phone operators, one in Cambodia, Applifone (Star-Cell) and the other one in Nepal, Spice Nepal Private, for a total amount of 484 million dollars.

The Asian branch of TeliaSonera, a Swedish-Finnish operator, has acquired 80% of the Nepalese company and 100% of the Cambodian one, which respectively occupy the second and fourth places on their market.

This year in Cambodia, QB Cube, a new operator, appeared on a market shared until then between five companies with high and vague rates and a questionable service quality. The Kingdom counts about 2.5 million mobile phone users.


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