DoCoMo looking to expand into Cambodia
By Dusan Belic on Thursday, August 13th, 2009 at 11:54 PM PST In DoCoMo
Japan’s DoCoMo has confirmed that it is interested in buying a mobile network in Cambodia. The country has several operators which could be suitable targets, including Millicom’s local subsidiary.
At present, the Japanese company is in the midst of considering political and economic risks, according to Toshinari Kunieda, senior vice president and managing director of DoCoMo’s global business. “It’s like a marriage proposal — you don’t make an offer the day after falling in love at first sight, you look at other potential partners, too,” he added.
Cambodia ended last year with around 3.77 million mobile phone subscribers spread across 7 active mobile operators, representing a population penetration level of 26%.
Finally, Cambodia is not the only country where DoCoMo is eyeing investments. The operator is also seeking to invest in Vietnam, Indonesia, Thailand and China; and it already owns 26% of India’s Tata Teleservices, 30% of Bangladesh’s Aktel and 16.5% of Malaysia’s U-Mobile.
[Via: CellularNews]
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