IFC provides USD 65 mln for MTN expansion in Afghanistan

www.WirelessFederation.com/news: The International Finance Corporation (IFC) is giving a USD 65 million loan and USD 10 million in equity to MTN Afghanistan to support the expansion of the company’s mobile network. The expansion is targeted particularly at low-income populations. The IFC said it hopes that its investment will encourage other investors to support the telecommunications sector, and more broadly, economic development and growth in Afghanistan.