The Royal Government of Cambodia and Cambodia Fiber Optic Communication Network (CFOCN), a subsidiary of Shenzhen-based HyalRoute Group, have signed an agreement of 25-year concession to build and operate US$69.7 million submarine cables and a landing station in Preah Sihanouk province.
The contract was signed here on Mar. 2 by Minister of Posts and Telecommunications H.E Prak Sokhonn and HyalRoute Group Chairman Mr. Huang Xinglong.
H.E. Kan Chan Meta, Secretary of State at the Ministry of Posts and Telecommunications, said that the Build-Own-Operate-Transfer (BOOT) contract would contribute to the IT development in Cambodia.
"This project will contribute to increasing the percentage of Internet users in Cambodia from the current 45 percent, or 6.5 million people, to about 80 percent in 2020," he said at a press conference after the signing ceremony, adding, "I'm sure that the project will significantly contribute to the development of information and communication technology in Cambodia."
According to H.E. Kan Chan Meta, the submarine cables would have the capacity of 1.8 Terabits per second.