Roshan Telecom secures US$65 million IFC funding for 3G
Roshan Telecom has secured US$65 million funding from International Finance Corporation (IFC) for its 3G network. The debt financing will assist the Afghanistan’s top telecom player to launch 3G and high speed data services to its six million customers. Since 2003, Roshan has received three earlier rounds of financing totaling almost $200 million. The mobile service provider already invested more than $550 million in infrastructure that provides coverage to over 65 percent of the population in 230 cities and towns in Afghanistan’s 34 provinces. Roshan in a statement said it currently offers high-speed data services that are available nationwide and 3G will further complement the existing network infrastructure and provide faster access to services.
Other emerging telecom markets such as Brazil and China had a better 3G subscriber base as well as penetration than India. Penetration rates in emerging markets like stands at: Indonesia (11 percent), South Africa (21 percent) and Philippines (11 percent), as per data compiled at the end of the fourth quarter of 2011. “In just a short period of time, the Afghan telecommunications market has grown rapidly and Roshan spearheaded that development. The ability to speak to one another is a basic human need and over ten years,” said Karim Khoja, CEO of Roshan.