Cambodian court finds against Thaicom unit | Bangkok Post: business

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Cambodian court finds against Thaicom unit

Orders payment of $3.7m outstanding debt

  • Published: | Viewed: 3,336 | Comments: 0
  • Newspaper section: Business
  • Writer: Philip Heijmans
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PHNOM PENH : A Norwegian company has won a court injunction against Mfone, the Cambodian mobile subsidiary of the SET-listed satellite operator Thaicom Plc, for failure to pay US$3.73 million in service charges, court documents show. 

The ruling by the Phnom Penh Municipal Court in favour of the energy company Eltek Valere comes as two other Cambodian mobile operators _ Hello Axiata Co Ltd and Latelz Co Ltd _ have threatened to sue Mfone unless it repays hundreds of thousands of dollars it allegedly owes them in interconnection fees.

"Mfone did not complete or implement its contract with Eltek, because until now the company did not pay for the equipment needed for its GSM network," the complaint filed by Eltek on Oct 9 said.

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