Myanmar: Ooredoo 3G Network Financing

Myanmar emerged from nearly 50 years of military rule to become one of Asia’s newest democracies. It launched a broad reform effort, including its telecommunications, for which it needed significant external investment. Following a successful competitive bid, the government awarded Ooredoo Myanmar (OML) one of two mobile telecom licenses. After securing $150 million loans from the Asian Development Bank (ADB) and the International Finance Corporation (IFC), OML aims to reach 90 percent of the population, and has already experienced significant penetration in urban and rural areas.

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