State - Owned enterprise Telecom Cambodia’s revenues have exceeded the target for 2010, despite strong market competition.
Telecom Cambodia achieved revenues above its US$31-million target for 2010, according to its director general Lao Sareoun yesterday.
In 2009, he said the company achieved 95 percent of its $29-million revenue plan, an estimated $27.55 million.
He did not disclose the exact revenue total or the telecommunication firm’s profits.
“The recovery of global financial crisis and especially the improvement of our economy is why [our revenue] rose,” he said.
“Although we see the increase [in revenue] of many private companies, our business was still good [because] we tried to upgrade our services and made new ones to attract customers.” He said that so far, TC had more than 35,000 subscribers,
Revenue was derived from local and international phone calls, Voice over Internet Protocol, internet access, Asymmetric Digital Subscribers Line services, fibre optic cable services and interconnection and transit fees.
VoIP services accounted for the majority of revenue, he said, adding that so far this month the number of call minutes hit 5 million due to an initiative to lower call price. He also highlighted interconnection and transit fees as a key part of the business. He said that TC plans to achieve $34 million in revenue for 2011, saying that the firm intended to increase business activities and investment.
It intends to extend the scope of its services in provinces such as Kampong Thom, Kampong Cham, Kratie, Stueng Treng, Kampong Speu and Sihanoukville.
TC is one of the three state-owned enterprises set to list on the Cambodia Securities Exchange (CSX), which is scheduled to launch by July.
“We will list in the CSX when it launches in July this year because we follow the decision from the Ministry of Economy and Finance,” he said.
Presently, Cambodia has about 30 internet service providers and eight mobile operators.