29 November 2024

Global Tower Corporation Pty Ltd (GTC) has secured US$19.97 million in financing from EXIM Bank Malaysia to support the expansion of essential telecommunications infrastructure across Cambodia.

This funding will enable the construction of over 400 new telecommunication towers, significantly enhancing connectivity and network coverage in urban, rural and underserved areas throughout Cambodia.

GTC is a 75%-owned subsidiary of RTB Group, a Malaysian market leader that specialises in utility infrastructure solutions, focusing on power and energy, telecommunications, and water and sewage sectors.

“This partnership with EXIM Bank Malaysia reinforces GTC’s commitment to improving Cambodia’s telecommunication infrastructure to bridge the connectivity gap, particularly in rural areas,” said Amirul Baharom, Chairman of GTC.

“We are proud to support GTC in this vital telecommunications project. By financing this initiative, we not only contribute to Cambodia’s infrastructure development but also strengthen the ties between Malaysian businesses and ASEAN economies,” said Nurbayu Kasim Chang, Acting President and CEO of EXIM Bank Malaysia.