Dec 6, 2010
DPA
Phnom Penh - Two Cambodian mobile phone companies announced Monday they would merge their operations, the first of a number of consolidations expected in the country's overcrowded mobile telecoms market.
Latelz Co Ltd, a subsidiary of Cyprus-based Timeturns Holdings Limited, will merge its local operation - branded as Smart Mobile - with Star-Cell, the venture owned by Swedish phone giant TeliaSonera AB.
The Star-Cell brand will be ditched, the companies said in a joint press statement, and the new entity with around 850,000 subscribers will carry the Smart Mobile brand.
The merger is subject to the approval of the Cambodian authorities.
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