Chinese company invests to build fiber communication network for Cambodia

Shenzhen Jindun Investment Developing Co., Ltd. will invest in Cambodian Fiber Optic Communication Network Co., Ltd. (CFOCN) to construct optical fiber cable backbone system and related infrastructure for Cambodia, according to the agreements signed in Phnom Penh on Friday.

Jindun Chairman Huang Xinglong, Cambodian Minister of Commerce Cham Prasidh, and Cambodian Minister of Post and Telecommunications So Khun signed the agreements on behalf of the companies and the Cambodian government at the Cambodian Development Council.

According to the agreements, CFOCN will lay over 8,000 kilometers of fiber to establish a communication network all over Cambodia in three to five years, thus making the kingdom capable of communicating with the latest technology.

The volume of the investment was not disclosed.

The agreements came in line with the Cambodian government's priority policy to develop the industry of communications with wide acceptance of investments from foreign countries, said a press release from CFOCN.

Cambodia currently relies on macro-wave and satellite for tele- communications, which brings about high costs and various impediments to its social and economic development.

Meanwhile, most of its rural territories don't have functional communication means and only 7.8 percent of its 15 million population possess mobile phones.

Source: Xinhua .