Friday, February 8, 2008

U.S. Telecommunications firm 3P Networks to expand into Cambodia

U.S. telecommunications firm to expand into Cambodia
PHNOM PENH, Feb. 8 (Xinhua) -- U.S. telecoms firm 3P Networks has negotiated with the Cambodian government to buy up the rights to frequencies, enabling it to offer cutting-edge multimedia services for the country, said a press release received here on Friday.
3P Networks Inc is currently in the final stage of negotiations with the Cambodian government to acquire significant frequency spectrum in order to implement unique cost-effective telecommunication solutions in Cambodia and in neighboring countries, it said.
Buying into Cambodia will enable a foothold for expansion into Laos and Vietnam, it said.
"Affordable and reliable telecommunications are critical for developing countries in their efforts to both attract investment capital and stimulate a robust domestic environment," it added.
The firm offers multiple products including TV, fixed and wireless Voice over Internet Protocol (VoIP) and broadband, which are very much in their infancy in Cambodia.

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