Mfone to File Complaint Against Six Companies

Bankrupt mobile phone operator Mfone is planning to file a com­plaint with the Phnom Penh Muni­cipal Court against six tele­com­muni­ca­tions firms it says have failed to pay back more than $1 million in outstanding debt to the firm, the court administrator charged with overseeing Mfone’s liquidation said Wednesday. 

Ac­cording to court-appointed administrator Ouk Ry, Metfone, MobiTel, WING Co. Ltd., Telco­tech Ltd., Royal Telecam In­ter­na­tional Co. Ltd. and A2 Com­mu­nications Co. Ltd. owe mon­ey to Mfone, which it needs to help pay more than 1,000 creditors claim­ing compensation.

“We will file a complaint to the court soon because we need money to pay our creditors,” he said. “They must pay the debt, even though [Mfone] went bankrupt.”

Mr. Ry claimed that Viet­nam’s Metfone owes $552,452 and Mobi­Tel owes $359,083 for services such as in­terconnection fees.

Mfone is valued at $107 million, but creditors have claimed a total of more than $160 million.