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Telecom Cambodia postpones plan to list on local bourse

Friday 15 March 2013 | 14:10 CET | News
State-owned fixed-line company Telecom Cambodia's (TC) plan to join the Cambodia Securities Exchange (CSX) has been postponed indefinitely because of its poor financial performance, reports The Phnom Penh Post. The company will need to redesign its business plan to improve operations, said Sarak Khan, secretary of state at the Ministry of Post and Telecommunications. The ministry has informed the government of the delays because the company's financial situation is not good. It will be worse still when the transit fee, a major source of revenue for TC, is deducted from this year, added Khan.

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Categories: Fixed
Companies: Telecom Cambodia
Countries: Cambodia
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