Nokia-Cellcard Partnership Significantly Boosts Cambodian Broadband
Deal News | Feb 18, 2025 | fitch media ventures
CamGSM, under the Cellcard brand, has partnered with Nokia to enhance its fibre broadband network using Nokia's XGS-PON technology, aiming to deliver faster internet speeds and support Cambodia's digital transformation goals. This initiative aligns with the country's strategic focus on improving digital infrastructure as outlined in the Cambodia Digital Economy and Society Policy Framework. Despite challenges such as high connection costs and limited rural infrastructure, the fixed broadband market in Cambodia is anticipated to experience incremental growth, with subscriptions expected to rise from 168,000 in 2024 to 214,000 by 2034. Cellcard's partnership with Nokia, coupled with its recent investments following its IPO on the Cambodia Stock Exchange, demonstrates a strategic effort to boost its market position and competitiveness in both the mobile and fixed broadband markets.
Sectors
- Telecommunications
- Digital Transformation
Geography
- Cambodia – The primary focus of the article is on Cambodia's digital infrastructure and telecommunications advancements led by the partnership between Nokia and CamGSM/Cellcard.
Industry
- Telecommunications – The article focuses on the partnership between a telecommunications operator (CamGSM/Cellcard) and Nokia to improve broadband infrastructure, which is a core component of telecommunications.
- Digital Transformation – Cambodia's mission to advance its digital capabilities by enhancing broadband infrastructure is central to the article, addressing both consumer and business needs for high-speed internet access.
Financials
- USD 180 million – Investment announced by Cellcard in 2024 for network coverage expansion to underserved communities.
- USD 70 million – Loan secured by Cellcard for network infrastructure upgrades.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CamGSM (Cellcard) | Operator | Company | A leading telecommunications provider in Cambodia operating under the Cellcard brand, involved in enhancing its broadband network. |
| Nokia | Technology Provider | Company | A multinational telecommunications and technology company providing XGS-PON technology to improve broadband infrastructure. |
| Fitch Media Ventures | Private Equity Firm | Company | The private equity firm mentioned as a source concerning the broadband outlook in Cambodia. |