Ooredoo Myanmar wins ADB, IFC financing

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/aec/Ooredoo-Myanmar-wins-ADB-IFC-financing-30278795.html

The Nation
 BUSINESS MON, 8 FEB, 2016 2:25 PM

YANGON – The Asian Development Bank (ADB) and International Finance Corporation ( IFC) are providing loans worth US$300 million to Ooredoo Myanmar for the rollout of a mobile telecommunication network which will help extend affordable telecom services across the country, boosting economic growth and job creation.

Ooredoo is to expand a nationwide “greenfield” mobile telecom network using advanced 3G technology, ADB said in a statement released today in Yangon.

“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 increasingly vital services,” said Christopher Thieme, director of ADB’s Private Sector Operations Department. “This assistance, ADB’s largest private sector investment to date in Myanmar, will help the government meet its target of connecting over 90 per cent of the population, including millions of people for the first time.”

Myanmar’s mobile phone penetration rate was about 60 per cent in 2015. Research by Deloitte Southeast Asia showed that the penetration rate was below 4 per cent at the beginning of 2012. It increased to 7 per cent in 2013. Since its entrance into the market in 2014, Ooredoo Myanmar has reached millions of customers covering 80per cent of the population with its 3G network. Ooredoo is one of three mobile phone operators. The government, aiming to increase the penetration rate to 100 per cent by 2021, is in the process to extend a license to the fourth operator.

Ooredoo’s network rollout will be carried through to 2019. With the physical infrastructure, Ooredoo Myanmar plans to develop mobile applications for banking, agriculture, and maternal health, which will improve access to services particularly for low-income groups and women.

“This investment shows our continued support to help extend essential and affordable infrastructure services to Myanmar people,” said Vikram Kumar, IFC resident representative for Myanmar. “In addition to providing thousands of direct and indirect jobs to local workers, Ooredoo Myanmar’s nationwide telecom network will help connect people and ease economic activities by applying advanced telecommunication technologies.”

ADB will also carry out a technical assistance project – financed by an up to $1 million grant from the Canadian Climate Fund for the Private Sector in Asia – to examine the feasibility of using renewable energy to run telecom transmission towers. The project will trial the use of renewable energy at selected towers with the goal of deploying it across at least 1,500 rural sites, reducing around 10,000 tonnes of CO2 emissions every year.

Sheikh Saud Bin Nasser Al Thani, Ooredoo Group CEO, commented: “Over the last two years, Ooredoo has made significant progress on its strategy to provide the people of Myanmar with a world-class telecommunications network. Our investments in Myanmar continue to support the good revenue and customer growth trends we have recorded in the country. Our wide range of telecom services support the socio-economic development of the country through enhanced communication between businesses, organisations and individuals. We are proud that world renowned lenders like ADB and IFCparticipated in the funding deal with Ooredoo Myanmar to further expand our network and distribution in the country.”

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