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Russia's VimpelCom to invest $200mln in Cambodia mobile network


PHNOM PENH, May 18 (RIA Novosti) - VimpelCom, Russia's second largest mobile phone operator, intends to invest $200 million over the next three years in developing its mobile network in Cambodia, a VimpelCom senior official said on Monday.

Vladimir Ryabokon, VimpelCom executive vice-president, said the mobile operator intended to invest $70 million in 2009 alone.

VimpelCom, which acquired a 90% stake in the Cambodian cell phone company Sotelco in July 2008, announced on Monday that sales had officially been launched in the country, with the campaign beginning in the Cambodian capital earlier on May 4.

As of today, VimpelCom said the company has 100,000 subscribers registered with its services being provided to Cambodia's eleven most developed industrial provinces.

Ryabokon said VimpelCom intended to increase its basic stations in Cambodia to 460 from the current 160 by the end of the year, and expand its network cover to all of Cambodia's 22 provinces.

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