Cambodia International Political Economy

Luxembourg based Millicom International Cellular has announced it will sell it’s Cambodian investment to The Royal Group according to Dow Jones.

The Cambodian investment will sell for $346 million and is part of a regional divestiture by Millicom to move out of Asia and focus on Latin America and Africa.

The key driver of the divesting strategy is Millicom believes they do not have enough critical mass to operate a viable prepaid celluar business in the region; therefore, the Cambodian investment is a prime target to sell.