EXIM Bank, GTC Ink US$19.97 Mln Agreement To Boost Cambodia's Telecommunications Infrastructure
KUALA LUMPUR, Oct 22 (Bernama) -- Export-Import Bank of Malaysia Bhd (EXIM Bank) has inked a financing agreement with Global Tower Corporation Pty Ltd (GTC) worth US$19.97 million (US$ = RM4.32).
GTC, a 75 per cent owned subsidiary of Rohas Tecnic Bhd (RTB Group), is a key player in telecommunications infrastructure services and a prominent independent tower company licensed by Cambodia’s telecommunication regulator to construct and operate telecommunication tower services in Cambodia.
In a statement today, the bank said the financing will support the construction of over 400 telecommunication towers across Cambodia, enhancing its network coverage, particularly the underserved areas in urban and rural areas.
“The financing is part of EXIM Bank’s commitment to support the global expansion of Malaysian businesses such as RTB Group, especially in high-growth markets like Cambodia.
“By partnering with GTC and RTB Group, EXIM Bank reinforces its role as a catalyst for Malaysian businesses pursuing growth opportunities abroad, while contributing to the development of critical infrastructure in the ASEAN region,” it said.
The bank added that Cambodia, one of the fastest-growing ASEAN economies, offers considerable opportunities for sectors like telecommunications, infrastructure, and green technology.
EXIM Bank views Cambodia as a strategic market with strong potential for Malaysian exporters and its focus on improving its infrastructure and telecommunications sector offers a conducive business environment for expansion.
“With growing urbanisation, rising demand for digital services, and ongoing Cambodian government efforts to enhance connectivity, EXIM Bank is optimistic about the continued opportunities, particularly for Malaysian companies in telecommunications, technology, and renewable energy,” the statement said.
EXIM Bank acting president and chief executive officer Nurbayu Kasim Chang said the bank is proud to support GTC and RTB Group in this project, which not only strengthens Cambodia’s infrastructure but also creates growth opportunities for Malaysian companies abroad.
“Our financing of US$19.97 million reflects our confidence in GTC’s capabilities and our commitment to fostering long-term partnerships that align with Malaysia’s export agenda,” she said.
Meanwhile, GTC chairman and RTB Group chief executive officer Amirul Baharom noted that the partnership reinforced GTC’s commitment to improving Cambodia’s telecommunication infrastructure, with the aim of bridging the connectivity gap, particularly in rural areas.
“By leveraging this collaboration, we are not only enhancing connectivity but also solidifying GTC’s position as a major player in this sector. We are confident that this initiative will contribute positively to Cambodia’s socio economic growth,” he added.
-- BERNAMA