
Debt and vendor financing will be sourced, to complement these equity contributions. Rwanda's current mobile operators are invited to invest in the project, and it is expected that these companies and other ISPs will provide retail access to LTE wireless broadband services for end-users. The JV was established for an initial 25 years.
KT Group Chief Strategy Officer Yung Kim said the wholesale network service for mobile broadband will help to promote healthy competition for advanced retail services and solutions, and will benefit consumers, enterprises and the nation. The rapid deployment of high-speed broadband capability in Rwanda will accelerate development of the country's ICT sector, create jobs (including more than 100 professional jobs within the JV itself), as well as help facilitate social and economic progress. Based on recent reports published by the International Telecommunications Union, 95 percent broadband penetration will translate into a 10-13 percent boost in GDP growth for Rwanda.