By Carrie Chen
HONG KONG (Dec 13) -- Hong Kong-listed telecommunications equipment maker Comba Telecom Systems Holdings said its Laos-incorporated subsidiary ETL plans to invest up to $110 million to build up its own 4G service network in the southeast Asian nation.
ETL, in which Comba holds a 51% stake and the Laos government owns the remaining 49%, will enter into definitive procurement agreements with equipment suppliers and service providers to build the fourth-generation, or 4G, high speed telecom services network, Comba said in a statement to Hong Kong stock exchange on Tuesday.
Established in 2000, ETL holds a full license for telecom operations and is the third largest player in Laos.
- By Carrie Chen; email@example.com; +852 3960 5102
- Edited by V. Phani Kumar
- Send Feedback to firstname.lastname@example.org
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.