Global Tower Corporation Pty Ltd (GTC), described as an independent player licensed for the construction and provision of telecommunication tower and related infrastructure services in the Kingdom of Cambodia, has secured US$19.97 million in financing from EXIM Bank Malaysia to support the expansion of essential telecommunications infrastructure across Cambodia.
According to local news resource Khmer Times, 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.
Amirul Baharom, Chairman of GTC, says: “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.”
Nurbayu Kasim Chang, Acting President and CEO of EXIM Bank Malaysia, adds: “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.”
Khmer Times points out that Cambodia continues to present significant opportunities for infrastructure development, driven by its robust economic growth and the government’s focus on enhancing connectivity across the nation. It adds that this collaboration between GTC and EXIM Bank is expected to stimulate further investment in Cambodia’s telecommunications sector.