Phone Card News
ADB funds Roshan services development in Afghanistan
The Asian Development Bank (ADB) will provide a USD 55 million loan to local mobile phone provider Telecom Development Company Afghanistan, for coverage expansion to parts of the country that have poor or no telecommunications infrastructure. In addition, the operator, which operates under the name Roshan, plans to use these funds to support the roll out of its mobile banking system called M-Paisa. Targeting the country's unbanked population, M-Paisa enables users to transfer money via their mobile phones, without opening bank accounts. The Roshan network currently serves more than half of the country's population, with over 2 million active subscribers reported at the end of June. The total cost of the expansion project is estimated to reach USD 175 million, including capital expenditure into new districts, upgrading equipment and transforming sites to use solar power. The balance of the funding will come from other investors.
http://www.telecompaper.com/news/article.aspx?cid=631660
