In December 2015, OeEB contributed USD 15 million to FMO's USD 160 million financing to Irrawaddy Green Towers Ltd. The funds will be used for installing and operating 3,300 mobile telecommunication towers in Myanmar.
|Irrawaddy Green Towers
|Southern and Eastern Asia
|Energy / Resource efficiency / Infrastructure
|OeEB project volume
|USD 15 million
|Irrawaddy Green Towers Ltd.
Myanmar is one of the poorest countries in the world with one of the lowest mobile penetration rates. Developing the mobile and communications technology is considered substantial for the country's economic development.
Private operators such as Irrawaddy Green Towers (IGT) play an important role in developing the necessary infrastructure for a countrywide mobile network. With the help of a long-term loan provided by OeEB and other development finance institutions such as IFC, FMO, DEG, CDC, Proparco and BIO, IGT set up a network of around 3,300 mobile phone towers in Myanmar, providing coverage to millions of people.