Russia's VimpelCom exits Cambodia

VimpelCom parent company of Beeline, offload its entire stake of 90% in Sotelco Ltd. to the local investment partner Huot Vanthan.

Jo Lunder, CEO of VimpelCom, said: “We have previously outlined our Value Agenda within which our operations are reviewed to assess their future value to the Group. The decision to sell our interest in Cambodia is a result of this process.  We are happy that our long term partner in the company now takes control of the business in Cambodia.”

Beeline has around one million users in Cambodia follows (Hello Axiata has 2.5 million users + Latelz has 4.9 million users), CamGSM has 3.4 million users and Viettel has nearly 10 million users.

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