New Fixed Networks market report from Business Monitor International: "Cambodia & Laos Telecommunications Report Q2 2011"
There were several changes to our telecoms forecasts for
Cambodia and Laos in this quarter's update. This is due to an update in
terms of the latest data made available by the regulators and operators,
as well as a change in our forecast methodology.
Cambodia's Ministry of Posts and Telecommunications announced in January 2011 that there were 9.8mn mobile subscribers in the country, representing a penetration rate of 66%. This figure
suggests that there is significant room for further growth and we
believe that the sector's actual potential is higher because of number
distortions by inactive mobile subscriptions, which operators are
hesitant to remove. The industry also saw a consolidation between
TeliaSonera-owned Star-Cell and Smart Mobile. The two companies
announced in December 2010 that they had agreed to merge their
operations under the Smart Mobile brand. In a joint press release,
Star-Cell and Smart Mobile announced they would have a combined
subscriber base of 850,000. At the time of writing, the deal was still
pending approval from the Cambodian regulatory authorities.
Full Report Details at
- www.fastmr.com/prod/152697_cambodia_laos_telecommunications_repo ..
Meanwhile, there was also merger and acquisition (M&A) activity in
the Laotian mobile industry. Russian operator VimpelCom acquired
Millicom International Cellular (MIC)'s Laos unit (which trades as Tigo)
after a two-year delay. With this purchase, VimpelCom has telecoms
operations in Cambodia, Laos and Vietnam as it continues to tap into the
region's growth opportunities. We believe that VimpelCom's experience
of operating in frontier markets such as Kazakhstan, Kyrgyzstan and
Tajikistan would ease entry into the Laotian market and help the
operator to capitalise on the country's growing demand for telecoms
services. Besides experience, VimpelCom also brings a much-needed
capital investment in Tigo's network. Given that MIC decided to divest
Tigo in 2009, it is unlikely that the company had committed significant
capital to improve the unit's infrastructure.
Laos and Cambodia fell to 14th and 15th position in BMI's latest
Business Environment Ratings for the Asia-Pacific region. There were no
changes to both countries' Telecoms Ratings, but the changes in their
rankings were due to an improvement in Bangladesh's score, which cause
Bangladesh to rise to 13th from 15th position. The telecoms industry of
Laos and Cambodia remain relatively attractive due to low telecoms
penetration rates but consumers' low purchasing power continues to
hinder operators' ARPU levels and profitability.
That said, Laos has commenced trading on its new bourse, the Lao Stock
Exchange, while Cambodia is not far behind as the Cambodian Stock
Exchange (CSX) is scheduled to debut in July 2011. The establishment of a
modern capital market in Cambodia and Laos would play a vital role in
supporting economic development in the coming years.
CONTINUE READING....
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