Chairman of China's National People's Congress Wu Bangguo (R) walks with Cambodia's Prime Minister Hun Sen after a meeting in Phnom Penh November 4, 2010. Wu is scheduled to meet Cambodian King Norodom Sihamoni, Senate Chairman Chea Sim and National Assembly President Heng Samrin during his four-day official visit to Cambodia. REUTERS/Chor Sokunthea (CAMBODIA - Tags: POLITICS)
BRIEF-Cambodian mobile firm CamGSM gets $591 mln funding
BANGKOK, Nov 4 (Reuters) - Cambodia's CamGSM, the country's leading mobile operator has signed an agreement for a financing package with Bank of China (601988.SS) as mandated lead arranger, parent Royal Group said in a statement on Thursday.
* Total debt package is $591 million and the purpose is to refinance existing debt facilities and for funding future capital expenditure.
* CamGSM also signed a long-term partnership with Huawei Technologies [HWT.UL] for the supply of equipment and services. The partnership spans five years and is for $500 million.
BANGKOK, Nov 4 (Reuters) - Cambodia's CamGSM, the country's leading mobile operator has signed an agreement for a financing package with Bank of China (601988.SS) as mandated lead arranger, parent Royal Group said in a statement on Thursday.
* Total debt package is $591 million and the purpose is to refinance existing debt facilities and for funding future capital expenditure.
* CamGSM also signed a long-term partnership with Huawei Technologies [HWT.UL] for the supply of equipment and services. The partnership spans five years and is for $500 million.
The signing ceremony in the capital Phnom Penh will be attended by Wu Banguo, chairman of the Chinese National People's Congress and is one of the nine most powerful men in China’s communist hierarchy who is currently visiting Cambodia.
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