Oct 26, 2010
DPA
Phnom Penh - Nordic phone company TeliaSonera AB said it had written down the value of its Cambodian mobile operation, known as Star-Cell, by 678 million kronor (around 103 million dollars) and would review its local operations.
Experts consider Cambodia's mobile phone market as overcrowded, with nine operators chasing a population of just 14 million people.
'After the write-down there is no goodwill related to the Cambodian operations,' Sweden-based TeliaSonera said in its third-quarter trading update released Monday.
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