Mfone Files Complaint With Court

The administrator charged with liquidating bankrupt mobile operator Mfone filed a complaint Tuesday with the Phnom Penh Municipal Court, requesting it to order two companies to pay money owed to Mfone after repayment negotiations apparently failed, the administrator said.

Mobile payment service WING Cambodia Co. Ltd. owes Mfone $131,847, while telecommunications firm Telcotech owes $97,910, according to the complaint.

“Mfone has an obligation to collect all the debts to pay creditors,” it states.

Khan Sereyvuthy, a legal adviser to the administrator, Ouk Ry, said that Mfone is also demanding an additional $20,000 from Telcotech and $40,000 from WING for damages and legal fees.

“We have sent the complaint to the court today to demand the two firms pay the debt,” he said.

Representatives for Telcotech could not be reached for comment, but WING CEO Anthony Perkins said Tuesday evening that he had already met with Mr. Ry and agreed to a settlement.

“WING and the Mfone administrator have reached an agreement. The debt will be resolved by Friday this week,” he said, declining to say how much WING agreed to pay. “It’s a significant portion of what was requested.”

Mr. Ry, however, said Tuesday that no agreement had been reached.

“We are not able to say that the meeting reached an agreement unless the two parties sign an agreement. We just talked. So we cannot say we agreed,” he said.

Telcotech and WING are just two of four companies who still owe Mfone cash. Mobile operators Metfone and Royal Telecam International Ltd. owe a total of about $600,000.

Tuesday’s complaint comes about two weeks after Mr. Sereyvuthy said Mfone’s assets were sold to Khmer Unified Network Communication Ltd. for $10 million—less than 11 percent of their estimated value.

Mfone owes creditors more than $160 million.

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