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France Telecom looking at investing in Cambodia's Mobitel
France Telecom is in the running to take a minority stake in Cambodian mobile operator Mobitel, according to a French embassy official in the Southeast Asian country, as part of its bid to expand in emerging markets.
Mobitel is one of the two brands owned by CamGSM, which is the largest mobile operator in Cambodia and is owned by the Royal Group .
"France Telecom has at least one competing bidder in its effort to acquire a stake in Mobitel... they are in the final process, but now it's up to Mobitel to choose a partner," said a high-ranking official at the embassy, relating statements made by Dominique Mas, first counsellor at the French Embassy.
The competitor could be Telekomunikasi Indonesia, which is in talks to acquire a majority stake in CamGSM in a deal that could be worth more than $500 million.
Satellite Internet plan could threaten GPS
Small, inexpensive GPS jammers carried by truckers have caused the occasional shutdown of the Laas test installation at Newark Airport.
Telecom Argentina profit up on growing mobile, broadband sales
Argentine incumbent fixed line operator Telecom Argentina has announced that its net profit for the fourth quarter of 2010 rose 28% year-on-year to ARS512 million (USD127 million), on the back of increasing revenue from broadband internet and mobile services.
Telcos battle tech, bank titans for mobile payments
BARCELONA: Paying for your morning coffee and newspaper by swiping your mobile phone instead of fumbling for cash or debit card could be just around the corner.
