Doha - Mubasher: Ooredoo Myanmar said it has secured combined funding of $300 million from the Asian Development Bank (ADB) and International Finance Corporation (IFC) for network rollout.
ADB and IFC will each provide $150 million loan to Ooredoo Myanmar that is 100% owned by Ooredoo Group.
The financing will support Ooredoo’s strategy for Myanmar, enabling it to accelerate the reach of its modern telecommunications network for the people of Myanmar, boosting economic growth and job creation across the country.
The deal also demonstrates Ooredoo’s long-term commitment to Ooredoo Myanmar, where it has been operating since its license was granted in 2014 and underlines Ooredoo’s investment in Myanmar.
