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Ethio Telecom in financing talks with AfDB as share sale delayed

Developing Telecoms

State-owned Ethio Telecom revealed on Thursday that it has initiated strategic discussions with the African Development Bank (AfDB) to finance its digital transformation initiatives, amid reports that the telco also pushed back the deadline of its planned 10% share sale to mid-February.

Finance 239
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Major financing commitment boosts Yondr’s Malaysian data centre campus

Developing Telecoms

The International Finance Corporation (IFC) and a consortium of six international financial institutions have committed over US$900 million in financing to global data centre operator Yondr Groups hyperscale data centre campus in Johor Bahru, a city on the southern tip of the Malay Peninsula.

Finance 276
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Spectrum auction urged to remove Chinese telecoms equipment

Telecoms Tech News

Outgoing FCC Chairwoman Jessica Rosenworcel is calling for a quick spectrum auction to finance the removal and replacement of Chinese telecoms equipment. The issue has been thrust back into the spotlight following the Salt Typhoon revelations that found Beijing-linked threat groups had compromised US telecoms networks.

Telecoms 273
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MTN Uganda hails massive debt financing deal

Developing Telecoms

Operator MTN Uganda says it has secured UGX370 billion (about US$100 million) in committed debt financing from five local banks.

Finance 243
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U Mobile secures financing from CIMB for second 5G network

Developing Telecoms

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Finance 264
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Major funding boost for Ukrainian telecoms

Developing Telecoms

Ukraine’s telecoms industry is about to receive a boost thanks to The European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC), a member of the World Bank Group, with support from the European Commission (EC) and the government of France.

Telecoms 259
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Ooredoo lands US$549m financing deal for AI data centre plan

Developing Telecoms

million ) financing deal to help fund its plan to accelerate its data centre business and establish itself as an AI infrastructure heavyweight in the MENA region. Qatar-based Ooredoo Group announced on Tuesday it has signed a QAR 2 billion (US$549.4

Finance 259