(MENAFN) Cambodia has been recently seeking all viable ways and methods to boost its business cooperation groundings with China, despite the slowdown the 2nd largest economy is currently experiencing, according to the latest reports.
Cambodia approved a deal to the Cambodia Fiber Optic Communication NetworkCFOCN, a subsidiary of Chinese HyalRoute Group, to invest USD69.7 million in building and operating submarine cables and a landing station.
In accordance, this vital scheme is strongly projected contribute to developing the percentage of Internet users in Cambodia from the current 45 percent, or 6.5 million people, to nearly 80 percent by 2020.
Moreover, HyalRoute Group has recently stated that the promising contract would move forward its on-going project of Asia-Africa-Europe-1 (AAE-1) Submarine Cable Cambodia Branch to the stage of construction.
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