CamGSM
Encyclopedia
CamGSM, majority owned by businessman Kith Meng
, operates Cambodia’s leading mobile telecommunications network via its Mobitel
and Cellcard subsidiaries, delivering local and international telecommunications services, as well as being an internet service provider
.
between Millicom
(61.5%) and the The Royal Group
(38.5%), however the RG
acquired Millicom’s
share for US$346 million in 2009. This deal, between the Bank of China
, ANZ
, Leopard Capital and Standard Bank
, involved the largest and most complex syndicated loan in Cambodia's history, and was awarded the 2009 Asia Deal of the Year by Telecomfinance Magazine. Both Telkom Indonesia and France Télécom
, each the largest telecommunications company in their 'home' markets, have since demonstrated an interest in acquiring CamGSM.
hybrid solar-diesel split systems to power its base stations, generating 40% of this power via Solar
.
Kith Meng
Kith Meng , Chairman of The Royal Group, is arguably "Cambodia's most prominent business leader", majority owning Cambodia's leading television and telecommunications networks, Cambodian Broadcasting Corporation and CamGSM...
, operates Cambodia’s leading mobile telecommunications network via its Mobitel
Mobitel
Mobitel is a Slovenian GSM/UMTS mobile operator. The company is under a 100-per-cent ownership of Telekom Slovenije.- Company history :Mobitel was established in October 1991 as a limited liability company. The founder was SP PTT Ljubljana, which was joined by other Slovenian PTT companies by the...
and Cellcard subsidiaries, delivering local and international telecommunications services, as well as being an internet service provider
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...
.
History
Originally CamGSM was a joint ventureConcern (business)
A concern is a German type of business group. It results from the merger of several legally independent companies an economic entity under unified management. These associated companies called "Group" companies....
between Millicom
Millicom
Millicom International Cellular, also known as Tigo, is a mobile phone network provider in America and Africa. Based in Luxembourg, the company provides mobile services in 14 countries. With operations across Central America, South America, South-east Asia, and Africa, using GSM, CDMA and TDMA on...
(61.5%) and the The Royal Group
Kith Meng
Kith Meng , Chairman of The Royal Group, is arguably "Cambodia's most prominent business leader", majority owning Cambodia's leading television and telecommunications networks, Cambodian Broadcasting Corporation and CamGSM...
(38.5%), however the RG
Kith Meng
Kith Meng , Chairman of The Royal Group, is arguably "Cambodia's most prominent business leader", majority owning Cambodia's leading television and telecommunications networks, Cambodian Broadcasting Corporation and CamGSM...
acquired Millicom’s
Millicom
Millicom International Cellular, also known as Tigo, is a mobile phone network provider in America and Africa. Based in Luxembourg, the company provides mobile services in 14 countries. With operations across Central America, South America, South-east Asia, and Africa, using GSM, CDMA and TDMA on...
share for US$346 million in 2009. This deal, between the Bank of China
Bank of China
Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
, ANZ
ANZ
ANZ is a three-letter abbreviation with multiple meanings, as described below:* Australia and New Zealand Banking Group Limited, the fourth largest bank in Australia* ANZ Stadium, sponsor name for Stadium Australia* Air New Zealand, from its ICAO code...
, Leopard Capital and Standard Bank
Standard Bank
The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 30 countries around the world, including 17 in Africa.-History:...
, involved the largest and most complex syndicated loan in Cambodia's history, and was awarded the 2009 Asia Deal of the Year by Telecomfinance Magazine. Both Telkom Indonesia and France Télécom
France Télécom
France Telecom S.A. is the main telecommunications company in France, the third-largest in Europe and one of the largest in the world. It currently employs about 180,000 people and has 192.7 million customers worldwide . In 2010 the group had revenue of €45.5 billion...
, each the largest telecommunications company in their 'home' markets, have since demonstrated an interest in acquiring CamGSM.
Corporate Social Responsibility
CamGSM employ's BP'sBP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
hybrid solar-diesel split systems to power its base stations, generating 40% of this power via Solar
Solar power
Solar energy, radiant light and heat from the sun, has been harnessed by humans since ancient times using a range of ever-evolving technologies. Solar radiation, along with secondary solar-powered resources such as wind and wave power, hydroelectricity and biomass, account for most of the available...
.