Wataniya Maldives receives USD20 million loan

8 Nov 2005

World Bank subsidiary, the International Finance Corporation, has granted a USD20 million loan to Maldives cellco Wataniya Telecom Maldives Private Ltd. The cellco, which is a subsidiary of Wataniya International, was awarded the country’s second GSM licence in February this year, and launched commercial operations in August. It will use the loan to expand its network nationwide, as well as to purchase bandwidth and build out landing facilities for a fibre optic submarine cable.

Maldives, Ooredoo Kuwait