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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