Global Tower Corporation Pty Ltd (GTC), described as an independent player licensed for the construction and provision of telecommunication tower and related infrastructure services in the Kingdom of Cambodia, has secured US$19.97 million in financing from EXIM Bank Malaysia to support the expansion of essential telecommunications infrastructure across Cambodia.
For the longest time, Africa has been the continent chronically playing catch-up, unable to compete with larger economic powerhouses in more developed markets.
Two 5G spectrum allocations owned by government-owned groups in Argentina are now to be put up for sale after a presidential spokesperson Manuel Adorni made an announcement to this effect earlier this week.
Veon welcomed a letter from shareholder Shah Capital, which criticised the operator’s board for poor stock price performance, and agreed there is potential for improvement.
Brazilian telecommunications company Oi is continuing the slow business of restructuring its operations and settling debts. It has now signed a deal with infrastructure business American Tower Corporation (ATC) that will see it transfer selected towers (the number has not been revealed) and properties to ATC.
