Cambodia's SingMeng Telemedia has announced plans to acquire and merge with Digi to create an operator with a range of services including internet, entertainment, voice, and enterprise solutions.
The planned merger is expected to complete in October, the companies announced this week.
SingMeng offers triple play and smart TV services, a well as broadband, mobile TV and VoIP services businesses. The company operates over 6,000km of fiber across Cambodia.
Digi is the market leader of Cambodia's residential internet market, operating a FTTH network in the nation. SingMeng will be able to leverage Digi's market footprint to expand the addressable market for its triple play and media offerings.
“The acquisition of Digi will not only bring SingMeng entertainment and Triple Play service to Digi customers, but it will also allow us to offer more options to Cambodians,” SingMeng CEO Sarah Xiaohua Wang said.
“SingMeng is committed to invest on innovation and bringing international service standard to the local market. Unlike other transactions that are premised on excessive cost cuts, this merger is about growth, which will create more opportunities for employees as we will serve more people in more places.”