SingMeng to acquire Digi Cambodia
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Cambodia’s SingMeng Telemedia has announced plans to acquire and merge with Digi to create an operator with a range of services including internet, entertainment, voice, and enterprise solutions.
The planned merger is expected to complete in October, the companies announced this week.
SingMeng offers triple play and smart TV services, a well as broadband, mobile TV and VoIP services businesses. The company operates over 6,000km of fiber across Cambodia.
Digi is the market leader of Cambodia’s residential internet market, operating a FTTH network in the nation. SingMeng will be able to leverage Digi’s market footprint to expand the addressable market for its triple play and media offerings.
“The acquisition of Digi will not only bring SingMeng entertainment and Triple Play service to Digi customers, but it will also allow us to offer more options to Cambodians,” SingMeng CEO Sarah Xiaohua Wang said.
“SingMeng is committed to invest on innovation and bringing international service standard to the local market. Unlike other transactions that are premised on excessive cost cuts, this merger is about growth, which will create more opportunities for employees as we will serve more people in more places.”
Questions & Answers
Q.When is the acquisition and merger expected to be completed?
When is the acquisition and merger expected to be completed?
The companies announced this week that the planned merger between SingMeng and Digi is expected to complete in October. This will create a new operator offering various services in Cambodia.
Q.What services does SingMeng currently provide to its customers?
What services does SingMeng currently provide to its customers?
SingMeng currently offers triple play and smart TV services, alongside broadband, mobile TV, and VoIP services. The company also operates an extensive fibre network across Cambodia.
Q.What is Digi's position in the Cambodian market?
What is Digi's position in the Cambodian market?
Digi is identified as the market leader in Cambodia's residential internet sector. The company operates a Fiber-to-the-Home (FTTH) network across the nation.
Q.How does SingMeng expect to benefit from acquiring Digi?
How does SingMeng expect to benefit from acquiring Digi?
SingMeng anticipates being able to use Digi's existing market footprint to expand the addressable market for its triple play and media offerings, reaching more customers with its services.
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