Viettel subsidiary Metfone Cambodia takes over ailing competitor in Vietnam's neighbor.
Viettel Cambodia (Metfone), a subsidiary of the Viettel Group, has purchased the license, broadcasting station, and infrastructure of Beeline Cambodia, the fourth-largest mobile service provider in Cambodia, for an undisclosed sum.
A report from Beeline released on March 19 stated that Sotelco Ltd, which had owned Beeline Cambodia, would cease all activities relating to the mobile network in Cambodia and all SIM and mobile phone cards would be transferred to Metfone from March 24.
According to an agreement between Metfone and Sotelco, Beeline Cambodia’s users will receive benefits from Metfone’s high quality services that Beeline had been unable to provide previously, such as 4G data access.
Meanwhile, Metfone will benefit from utilizing the infrastructure system, telecom frequency and broadcasting stations already built in Cambodia.
According to a report released last year, the number of Beeline Cambodia mobile phone subscribers has fallen substantially, from 1.1 million in 2012 to 500,000 at the end of 2013. Metfone, meanwhile, after eight years of operations in Cambodia, has had a great deal of success and become the leading telecommunications service provider in the country, with 9 million mobile phone subscribers and 1 million users accessing 3G services.