Thaicom’s combined Cambodia, Laos revenues down by 7.5%

Thai holding group Thaicom has reported that its combined revenues from its telecoms operations in Cambodia and Laos contracted by 7.5% year-on-year in Q1 2012 to THB297 million (USD9.4 million) as it continued to shed subscribers. At the end of March 2012, Lao Telecommunications Co (LTC) had a total telephony subscriber base (largely cellular) of 1.322 million, down from 1.651 million twelve months earlier, while Cambodia’s Mfone slumped to a total of 414,000 customers, down from 701,000 a year earlier

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OVETEL Thaicom’s combined Cambodia, Laos revenues down by 7.5%