TC inks cooperation agreement with VNPT

State-owned incumbent fixed line operator Telecom Cambodia (TC) has signed a business cooperation agreement with Vietnamese counterpart Vietnam Posts and Telecommunications Corporation (VNPT) to boost its product portfolio and coverage area. The Phnom Penh Post cites TC director general Lao Saroeun as saying that state-owned VNPT will provide the technology and equipment necessary for TC to grow its operations in Cambodia, allowing the firm to better compete in the country’s crowded telecoms sector. ‘We do believe that the agreement will help us to increase number of customers, expanding business activities and generating more revenue,’ the company official said, adding that the agreement, which is set to begin early next year, will result in lower prices for end-users. He declined to disclose the financial details of the deal, but revealed that a revenue-sharing agreement would be reached.