Articles tagged with: Wataniya Telecom and Ifc

IFC Supports Development of New Mobile Network in the Palestinian Territories

The International Finance Corporation (IFC), a member of the World Bank Group, is investing US$30 million in Wataniya Palestine, as part of a US$85 million loan, to help build a mobile-phone network in the Palestinian West Bank. Wataniya Palestine is a joint venture of the Palestine Investment Fund and Wataniya Telecom, which is majority-owned by Qatar's Qtel.  more

Related Tags: qtel, edge, wataniya, wataniya-palestine, gsm, world-bank, international-finance-corporation, Palestine

Maldives Operator Secures Funding

Wataniya Telecom Maldives says that it has completed its long term financing, drawing down on a US$27 million facility, comprised of $20 million from the IFC (International Finance Corporation) and $7 million from the OPEC Fund. Wataniya Telecom Maldives has also secured a revolving facility of US$4.5 million from the Bank of Maldives. In addition to funding the network build, the loan will finance a fiber optic submarine cable, to improve the quality of international communications. more

Related Tags: gsm-license, wataniya, submarine, fiber-optic

GSM Network gets World Bank Loan

The International Finance Corporation, the private sector arm of the World Bank Group, has announced the signing of a US$20 million loan to Wataniya Telecom Maldives which is building a GSM network in the island nation. In addition, IFC mobilized a US$7 million parallel loan from the OPEC Fund for International Development, an inter-governmental development finance institution, which seeks to promote cooperation between OPEC member states and other developing countries. more

Related Tags: gsm-license, wataniya, world-bank, submarine, fiber-optic