Global Tower Corporation (GTC) has signed a financial agreement with the Export-Import Bank of Malaysia Berhad (EXIM Bank) securing US$19.97mn to build and operate 400 towers in different population density areas across Cambodia.
The government-owned EXIM Bank is a wholly owned subsidiary of the Malaysian Ministry of Finance, which promotes reverse investment and export in strategic sectors, including infrastructure projects. The bank supports Malaysian companies and contractors in new and non-traditional markets, including overseas. GTC is 75% owned by Rohas Tecnic Berhad, which in turn is part of the RTB Group - a Malaysia-based group involved in regional utility and infrastructure markets.
GTC is one of the five towecos on the Cambodian market, managing 165 sites at present.
Organic growth in Cambodia is set to continue as to meet local requirements for 4G network densification in the large cities as well as providing connectivity in rural areas. More on what’s happening in the APAC region here.
