Afghan telco Roshan Telecommunications has secured a US$65m loan from the International Finance Corporation (IFC), a member of the World Bank Group.
Roshan will use the new financing to roll out its 3G and high speed data services throughout the…
Afghan telco Roshan Telecommunications has secured a US$65m loan from the International Finance Corporation (IFC), a member of the World Bank Group.
Roshan will use the new financing to roll out its 3G and high speed data services throughout the country, the telco said in a statement today.
The operator has invested more than US$550m in infrastructure over the past ten years and has secured almost US$200m in financing during that time, the statement added.
“Apart from providing even faster speed and access for our customers, 3G’s enhanced connectivity enables greater access to vital, quality telecommunications that stimulate social and economic development in a host of sectors such as healthcare, education and finance,” said Karim Khoja, CEO.
“This will allow Roshan to build on our telemedicine, e-education and mobile banking applications that are already helping to develop and fast-track the country’s infrastructure.”
Mouayed Makhlouf, IFC Director for the Middle East and North Africa, added: “As we have seen in countless places, the ability to communicate is vital for economic development. This agreement will help bring the internet to the doorstep of Afghans, opening up a world of possibilities.”
