Cambodia’s first satellite project is a joint venture between Cambodian companies and Chinese companies with an investment of $150 million.
The new agreement was inked between Kith Meng, President of Royal Group, and Mr. Yim Li Meng, Industrial Corporation of China.
The Minister of Post and Telecommunications, said that this is another achievement. in Cambodia’s modernization and has major importance to the sector.
The minister added that after the signing, a team will conduct a study into the launching of a satellite into space.
He said the team would spend two-and-a-half years to locate and set up a satellite-capable spacecraft and the of the satellite, which would be in use for about 15 years.
Using satellite systems is an essential issue for Cambodia’s national defense and security sector and national security, as well as helping to fill the gaps in non-optical fiber internet. Satellites can also be a backup for optical fiber networks.