November 4, 2010 / 10:05 AM / in 8 years

BRIEF-Cambodian mobile firm CamGSM gets $591 mln funding

BANGKOK, Nov 4 (Reuters) - Cambodia’s CamGSM

* The country’s leading mobile operator has signed an agreement for a financing package, with Bank of China (601988.SS) as mandated lead arranger, parent Royal Group said in a statement on Thursday.

* Total debt package is $591 million and the purpose is to refinance existing debt facilities and for funding future capital expenditure.

* CamGSM also signed a long-term partnership with Huawei Technologies [HWT.UL] for the supply of equipment and services. The partnership spans five years and is for $500 million.

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