News
19 November 2020
EBRD and EU help improve telecommunications services in Jordan
In:
IT and telecoms
Region:
Middle East & Africa
The European Bank for Reconstruction and Development and the European Union are providing a financial package of up to $5 million to Jordan’s telecommunications provider Al-Hadatha Telecom and Technology to support the expansion of the company’s fibre-to-the-premises services.
A loan of up to $4.5 million by the EBRD provided in local currency and in US dollars will be complemented by an up-to $487,500 investment grant by the EU and used to finance investments in the expansion of fibre optic networks to underserved areas of the capital, Amman.
The investment grant is provided under the bank’s EU-supported Trade and Competitiveness Programme supporting SMEs in Jordan, Egypt, Morocco and Tunisia to invest in new technologies.
