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Articles tagged with: World Bank
World Bank to Invest $215 Million to Boost Internet in Africa
The World Bank has announced a 10-year US$215 million fund to support the countries of the Central African region in developing their high-speed telecommunications backbone infrastructure to increase the availability of high-speed Internet and reduce end-user prices. more
Related Tags: broadband
Thailand Considers Auctioning WiMAX Licenses on Regional Basis
The Thai telecoms regulator should auction of BWA/WiMAX licenses on a regional basis, concludes a report commissioned by the National Telecommunications Commission (NTC) and the World Bank. more
Related Tags: wimax, national-telecommunications-commission, smart, Thailand
Broadband Internet in Africa Seen Slowly Rising
African countries could boost their economies by increasing high-speed Internet access and affordability, according to a report by the World Bank. more
Related Tags: mobile-broadband, partner
Zain Ghana Secures Funding for Network Expansion
IFC, a member of the World Bank Group, has provided a US$90 million loan and mobilized an additional US$70 million in syndications to help Zain Ghana expand its mobile network. more
Related Tags: zain-ghana, ifc, Ghana
World Bank Approves Funding to Extend Affordable Communications Services
The World Bank's Board of Executive Directors today approved an International Development Association (IDA) credit of US$151 million to extend access to affordable communications services to Malawi, Mozambique and Tanzania. This is the third phase of the Regional Communications Infrastructure Program (RCIP) - a US$424 million regional program that will increase the availability of reliable communications services for citizens, businesses and governments in Eastern and Southern Africa. Under RCIP 3, Malawi, Mozambique and Tanzania will receive US$20 million, US$31 million and US$100 million respectively. more
Related Tags: submarine, ifc, Malawi
Mobile Phones the Single Most Powerful Way to Boost Rural Internet Services
A new report from the World Bank Group finds that access to affordable, high quality internet and mobile phone services enables development across all levels of the economy and society. The report found that for every 10 percentage-point increase in high speed Internet connections there is an increase in economic growth of 1.3 percentage points. It also identifies the mobile platform as the single most powerful way to reach and deliver public and private services to hundreds of millions of people in remote and rural areas across the developing world. more
Related Tags: play
MTN Gets Loan to Expand Afghan Network
IFC, a member of the World Bank Group, is providing a US $65 million loan and US $10 million in equity to MTN Afghanistan to support the expansion of the company's mobile telephone network. The expansion is aimed in particular at low-income populations. more
Related Tags: mtn-afghanistan, ifc, Afghanistan
Nigerian Operator Plans $700 Million CDMA Network Investment
Nigerian CDMA network operator, GiCell Wireless says that it plans to spend over US$700 million over the next three years to expand its rural coverage. The company is already covering five of the country's thirty-six states and expects to create nearly half a million direct and indirect jobs. more
Related Tags: gicell-wireless, cdma, Nigeria
Financial Applications on Cell Phones to Attract 2.2 Billion Users in the Next Five Years
Eight financial applications for mobile phones are forecasted to become part of the daily routine of nearly 2.2 billion mobile phone users worldwide over the next five years, says a new market research study released by the Insight Research Corporation. According to the market analysis study, these eight mobile financial applications will generate nearly $124 billion for application developers and for the cell phone companies providing access to these applications on their networks over the forecast period. more
Related Tags: ict, tim, ovi, iden, mobile-banking
Cambodian Phone Network Gets Funding for Rural Coverage
IFC, a member of the World Bank Group, has organized a US $100 million investment in Cambodian mobile network operator, CamGSM to help strengthen the telecommunications sector and expand access to affordable mobile services in rural areas. IFC is providing up to $40 million from its own account and has mobilized an additional $60 million from ABN AMRO, Cordiant Capital, DnB NOR, and Nordea. more
Related Tags: rural, tim, ovi, iden, mobile-internet, millicom, ifc, Cambodia