CAMGSM PLC Reports Strong Growth in Cellcard Home Wi-Fi, Reinforces Commitment to Cambodia’s Digital Future in Q4 2024
CAMGSM PLC., commercially known as Cellcard, Cambodia's only homegrown telecommunications provider, announced its Q4 2024 results today. The company highlighted significant growth in its home internet segment and reaffirmed its commitment to driving Cambodia's digital future.
Despite a competitive telecommunications landscape and a revenue adjustment this quarter, Cellcard demonstrated resilience and strategic focus. The company reported a remarkable 32 per cent quarter-on-quarter increase in subscribers for Cellcard Home Wifi, coupled with a 48 per cent surge in revenue. This success underscores the effectiveness of Cellcard's strategy in the home internet market, further bolstered by the successful relaunch of its Fiber-to-the-Home (FTTH) product under the unified Cellcard Home Wifi brand.
"These Q4 results demonstrate the strength of our strategic focus and the increasing demand for reliable home internet solutions in Cambodia," said Simon Perkins, ICT Division of the Royal Group of Companies. “The impressive growth of Cellcard Home Wifi validates our commitment to providing Cambodians with cutting-edge connectivity in their homes.”
Cellcard's total assets have reached 2.657 billion Riels, reflecting the company's continuous investments in network infrastructure and service expansion. Shareholder equity has also grown by 8 per cent to 1,188 billion Riels, demonstrating the company's robust financial position.
"We are not just navigating the present; we are actively shaping the future of connectivity in Cambodia," continued Simon Perkins. “Our proactive strategies, including network upgrades, the expansion of innovative digital services, and a relentless focus on customer experience, will drive future growth and profitability. We are confident these initiatives will solidify Cellcard's leadership position in Cambodia's dynamic telecommunications sector.”
This commitment extends to every aspect of our customer experience. On February 13, 2025, we unveiled our newly reimagined Customer Experience Center at our Phnom Penh Head Office. This state-of-the-art facility underscores our dedication to providing unparalleled service and support, which is crucial in driving Cambodia's digital future.
The launch event was graced by high-level representatives from TRC, SERC, CXS, key partners, and leaders from the Royal Group of Companies. It allows us to serve our customers better and provide them with the seamless experience they deserve as we lead the charge in digital innovation.
Looking ahead, Cellcard is focused on enhancing customer experience and expanding innovative digital services. The company is confident that its proactive strategies will drive future growth and profitability, solidifying its leadership position in Cambodia's dynamic telecommunications sector.
Cellcard sincerely thanked its dedicated employees, loyal customers, and supportive partners for their continued contributions. The company is confident that the coming quarters will bring even greater success as it realises its ambitious vision for a digitally empowered Cambodia.