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Articles tagged with: World Bank
Afghan Network Gets World Bank Assistance
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, said today it is supporting the rollout of the country's third GSM phone network. The guarantee, totaling US$76.5 million in coverage, will protect the investment against the noncommercial risks of transfer restriction, and expropriation. more
Related Tags: mtn
World Bank Offers Loans for African Cellphone Networks
IFC, the private sector arm of the World Bank Group, has announced its largest financing to date in Sub-Saharan Africa, a US$320 million package, to five operations of Celtel International (an MTC subsidiary) to help expand and upgrade its fast growing mobile networks in the Democratic Republic of Congo, Madagascar, Malawi, Sierra Leone and Uganda. The investment will result in better quality mobile access in countries with extremely limited telephone services, creating new opportunities for businesses and consumers across the economic spectrum. more
IFC Loan to Expand Reach of Mobile Telephones in Turkey
IFC, the private sector arm of the World Bank Group, has signed a US$420 million loan agreement with Avea, one of Turkey's major mobile phone operators, to help the company refinance and expand its GSM network to reach thousands of additional subscribers throughout Turkey. The agreement is part of a US$1.6 billion long-term financing package arranged by IFC and ABN Amro Bank. more
World Bank Funds Telecoms Improvements in Eastern Africa
The World Bank has approved a financing package of US$164.5 million for Kenya, Burundi and Madagascar as the first tranche of the US$424 million Regional Communications Infrastructure Program (RCIP) for high-speed telecoms connectivity in East and Southern Africa. more
Related Tags: satellite
MTN Nigeria to Create Income Opportunities for Rural Women
The International Finance Corporation (IFC), the private sector arm of the World Bank Group says that it has signed a Linkage Cooperation Agreement with MTN Nigeria Foundation for a joint project that will create opportunities for more than 1,000 rural based women in the country to earn income by reselling telephony services. The women will provide mobile phone service for a fee in local communities, establishing service at affordable prices to communities that presently have limited or no telephone access. more
Related Tags: mtn, ifc, international-finance-corporation
Lowering Mobile Taxes Boosts Usage And Fuels Growth
Usage of mobile communications is a powerful economic growth engine, which governments can fuel by lowering taxes on mobile services and handsets, according to a new study undertaken by Deloitte for the GSM Association. more
Related Tags: gsm-association, london, gsma
Vodafone Links with Banks for International Currency Transfers
Vodafone has joined forces with a couple of banks to launch a money transfer service which enable ex-pat workers to send money home, via the Vodafone network. It is anticipated that Vodafone customers in the UK will have the first opportunity to use the service to send money to Kenya on a trial basis. more
Related Tags: citigroup, m-pesa, mobile-money
Afghanistan Launches Spectrum Mobile Monitoring Station.
Afghanistan's Telecommunications Regulatory Authority (ATRA) has taken posession of a new radio spectrum monitor to ensure that illegal radio usage does not occur in the country. At the launch, the Minister of Communications briefed the media about this useful station and said that this project has been funded by the World Bank at a cost of one million dollars, and has a particular importance, and all those companies or operators who are using frequency will benefit from it. more
Related Tags: ministry-of-communications, radio-spectrum
Telecoms reform bills ready for congress
Honduras' government is ready to submit to congress draft bills modifying the country's telecommunications law and spelling out strategies for strengthening state-run telco Hondutel in what is now a liberalized market, local daily La Prensa reported. more
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Mobile Networks to Cover 90% of the World's Population by 2010
Mobile networks will provide coverage to 90% of the world's population by 2010, compared with 80% today, despite the misplaced policies of many governments, who continue to subsidize the rollout of fixed-networks, according to a study commissioned by the GSM Association. more
Related Tags: gsm-association, universal-service-fund