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Tag Archives: IFC

ADB, IFC to Help Extend Mobile Telecom Services Across Myanmar

YANGON, MYANMAR – The Asian Development Bank (ADB) and the International Finance Corporation—IFC, a member of the World Bank Group—are providing loans of $300 million to Ooredoo Myanmar for the rollout of a mobile telecommunication network across Myanmar, which will help extend affordable telecom services across the country, boosting economic growth and job creation. ADB and IFC are extending a loan of $150 million each to Ooredoo Myanmar, a fully owned subsidiary of Ooredoo Q.S.C, to expand a nationwide “greenfield” mobile telecom network using advanced 3G technology. “Myanmar has one of the lowest rates of telecom connectivity in Southeast Asia, with poor communities and women the least likely to have access to these inc...

February 8, 2016 at 11:47 am | News Desk