CAMGSM Announces Major Milestones and Expansion Plans for 2025
CAMGSM PLC., commercially known as Cellcard, Cambodia's only homegrown telecommunications provider, released its 2024 Annual Report, detailing key achievements and outlining its strategic vision for 2025.
The report highlights a year of steady growth and strategic expansion, reflecting Cellcard's commitment to enhancing Cambodia's digital infrastructure. In 2024, Cellcard witnessed positive financial performance, with total assets increasing to 2,654.962 billion riels, a 4 per cent rise from 2,560.996 billion riels in 2023. Total equity also saw an 9 per cent increase, reaching 1,197.881 billion riels, up from 1,103.458 billion riels in the previous year.
Cellcard's strategic initiatives in 2024 included obtaining the OTT Technology License and launching Cellcard Home Wi-Fi, expanding its digital service offerings. The company also focused on enhancing network coverage and user experience with site upgrades and optimisation and new site rollout nationwide.
Recognising its commitment to customer value and financial performance, Cellcard was awarded the Frost & Sullivan Mobile Services Customer Value Leadership Award and acknowledged as CSX’s Most Profitable Stock. Infrastructure development remained a core focus, with the installation of over 100km of fiber-optic infrastructure, network modernisation efforts, and the achievement of over 70 per cent completion of the 3G sunset project.
Looking ahead to 2025, Cellcard has outlined an ambitious expansion and modernisation plan that includes deploying new sites to meet Cambodia's growing digital demands.
"As Cambodia's digital needs evolve, Cellcard remains dedicated to providing reliable and future-ready telecommunications solutions," stated Simon Perkins, CEO of Cellcard. “Our 2025 expansion plan demonstrates our ongoing commitment to ensuring that all Cambodians have access to high-quality connectivity, supporting the nation's digital transformation.”
About CAMGSM PLC. (Cellcard)
Launched in 1997, Cellcard is Cambodia’s longest-serving and only homegrown operator. It is reputed for its long history of first-to-market innovations, outstanding customer service, and the fastest, most reliable mobile network. Considered one of the biggest telecommunication companies in Cambodia, Cellcard services over four million customers with nationwide coverage and an expansive dealer and distribution network.
While maintaining an unwavering commitment to remain relevant in the market and provide exceptional telecommunication services and experience daily, Cellcard keeps continuously expanding and optimising its telecommunication network.
This press release was supplied.