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Broadband

EBRD, EU provide funding to expand Damamax fibre network in Amman

Tuesday 24 November 2020 | 11:15 CET | News
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing finance of up to USD 5 million to Jordanian provider Al Hadatha Telecom and Technology (Damamax) to support the expansion of its fibre-to-the-premises (FTTx) services. A loan of up to USD 4.5 million by the EBRD provided in local currency and in US dollars will be complemented by a grant of up to USD 487,500 from the EU. These will fund investment in extending fibre to under-served areas of Amman, according to the EBRD. 

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Categories: Fixed
Countries: Jordan
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