Illustrative image (Source: VNA)
Phnom Penh (VNA) – Metfone, the
Cambodia-based affiliate of the military-run telecom group Viettel, and ISI
Group of Cambodia signed a memorandum of understanding (MoU) on strategic
cooperation in Phnom Penh on March 29.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
Under the MoU, the sides will bring into full play
their advantages and strengths to support each other. Accordingly, Metfone will
ensure the network in the areas where the multi-sectoral Cambodian group is
investing, and cooperate with K-mall, the commercial centre chain which sees
ISI investments, in the field of marketing.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
Metfone committed 45,000 USD/year to ISI for five years,
including funding for flashlights at its Dangkor Senchey Stadium, and agreed to
consider sponsoring its football club. The telecoms firm also allowed ISI subsidiaries
to optimise its technical platform for marketing purposes.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
At the signing ceremony (Photo: VNA)
Metfone General Director Cao Manh Duc said the cooperation
is expected to spur socio-economic development in Cambodia
and raising local residents’ living standards.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
Duc noted his hope that ISI will help Metfone in
upcoming business activities, and maintain its leading position in telecoms services
in Cambodia, thus better meeting the increasing demand of Cambodians.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
Metfone will
make efforts to support ISI when possible, he pledged, suggesting the two sides
put forth a specific implementation plan for the MoU following the signing
ceremony.
Viettel’s Cambodia Affiliate Signs Strategic Cooperation Agreement With Local Group | Business
The firm, which has been operating in the neighbouring
country for more than 14 years, has directly created jobs for over 3,000 labourers
and contributed nearly 1 billion USD to the local budget to date./.
VNA
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