People
Over one million consumers and small business customers will benefit from increased internet speed and coverage.
| Company | GuarantCo |
| Sector | Digital communications infrastructure |
| Country | Cambodia |
| Total Project Cost | USD 70m |
| PIDG Commitment |
|
| Dates of PIDG involvement |
|
Despite the high penetration of communications infrastructure in Cambodia, the speed, quality, and capacity of 4G is lagging behind regional standards and needs to be improved to meet the ever-growing demands of the digital economy.
PIDG provided a USD 70 million guarantee for the first-ever internationally certified sustainability bond in Cambodia, alongside a loan, to finance enhancements to the digital communications infrastructure of Cellcard, one of the market’s three dominant telecom operators.
The proceeds of the transaction will be used for 4G capacity upgrades and coverage expansion through 490 new and 10 refurbished towers, as well as the soft launch of 5G technology in specific strategic sites in Phnom Pehn.
The upgrades will enhance Cellcard’s quality of service in terms of coverage, speed and data capacity. It is expected that competitors will follow Cellcard’s example in this oligopolistic market.
Over one million consumers and small business customers will benefit from increased internet speed and coverage.
This transaction will result in the reduction of the number of telecom towers powered by diesel in exchange for solar power, resulting in a 13,775 tCO2e saving.
In total around 260 jobs were created by this transaction: 200 during the construction phase and 60 for the operational project.
Measures to address flooding/wildfire red flags at 25 sites will be introduced.
