091001-The post english

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2,500 RIELS | VOLUME 19, No. 191

THURSDAY, OCTOBER 1, 2009

France Telecom, Royal talk Mobitel

CAMBODIA’S NEWSPAPER OF RECORD

www.phnompenhpost.com

Ketsana leaves trail of dead in north, central provinces

by NATHAN GREEN

CAMBODIA’S Royal Group met Wednesday with representatives of France Telecom in Phnom Penh in what sources say are advanced negotiations on terms for a joint purchase of Millicom International’s 58 percent stake in mobile-phone operator Mobitel. A source with knowledge of the situation said France Telecom, which operates under the Orange brand, was meeting with the Cambodian holding group to do “due diligence” on the deal. The Royal Group holds the remaining stake in Cambodia’s leading domestic operator by users, which operates under the Cellcard brand. Millicom International Cellular SA announced in August it had reached an agreement to sell its Cambodian partner its stake for US$346 million in cash. The money was to be payable on completion of the deal, which was expected to take place before the end of the year, subject to financing and regulatory approvals. Sources within the industry say the price, which values Mobitel at $605 million, is a good deal, but the announcement immediately raised questions as to where the Royal Group would find the necessary capital given tight credit lines in the wake of the global economic downturn. Royal Group Chief Financial Officer Mark Hanna refused to comment on the reported meeting Wednesday. He said only that the group was talking to “lots of interested parties” about the Mobitel purchase.

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NATIONAL

Officials hoist coffins containing the bodies of several victims in Kampong Thom, which felt the full force of Typhoon Ketsana when it hit Tuesday night. heng chivoan. by may titthara and irwin loy kampong thom province

T

YPHOON Ketsana slammed into Cambodia with devastating force Tuesday night, killing at least 11 people and leaving thousands more injured or homeless as 145km/h winds and heavy rain lashed the Kingdom. The tail end of the storm, which has killed hundreds of people since

BUSINESS

it smashed into the Philippines on Saturday, was the most severe ever to lash Cambodia, experts said. “This is the first time that we have seen such a storm,” said Seth Vannareth, director of the Department of Meteorology at the Ministry of Water Resources and Meteorology. Disaster officials confirmed on Wednesday that nine were killed and 35 injured in central Cambodia, while two died in the northeast. The

WORLD

death toll is expected to rise, with reports of more fatalities continuing to emerge across the country last night. Kampong Thom province bore the brunt of the disaster. At least nine people were crushed to death when their homes collapsed on Tuesday night, said Chea Cheat, chief of the local Red Cross office. In one incident, five members of one family – spanning three genera-

LIFESTYLE

tions – died in Teak Mileang, a village in the Sandan district of Kampong Thom province. A 39-year-old woman, her mother, 15-year-old daughter, 14-year-old son and a baby were killed almost instantly when the roof of their house caved in. Only the husband, who was hunting in the forest when the storm struck, survived.

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SPORT

News blog takes 130 garment Quake, tsunami Capital’s ailing Fans dismayed by Cambodia’s on the powers factories closed flatten villages in cinema scene >17 6-0 beatdown >23 that be > 4 so far in 2009 > 7 Samoa > 11 reviving


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