Nationwide Telecommunications Project (ADB-49116-001)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 30, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ooredoo Myanmar Limited
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 301.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 301.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Jun 24, 2015


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Project Description

According to ADB website, the project consists of a nationwide telecommunications infrastructure roll-out that will provide a full range of fixed, mobile and data services in Myanmar (i.e. universal license). The Government has awarded one of two 15+10 year operating and associated spectrum license on a build, own and operate basis through an international, transparent, and competitive bidding process to Ooredoo, the Sponsor. Myanmar suffers from the lowest coverage rates among ADB's developing member countries with less than 10% of the population having connectivity. The Project will increase the geographic coverage to over 80% within 5 years and make telecommunication services available to the public at affordable prices in both rural and urban areas.

Investment Description
  • Asian Development Bank (ADB)

Breakdown of Loan:

7280-01/3269
Loan - USD 150.00 million (Cancelled)

BL-0061
B-Loan - USD 300.00 million (Approved)

L3269/8921
Loan - USD 1.00 million (Approved)

Project Sponsor: OOREDOO Q.S.C.

Contact Information

Project Officer: Lockhart, Robert S.
Private Sector Operations Department
No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main