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Guodong Tower

Sector: Broadband • Location: China

Source: International Finance Corporation (IFC)

Project
Completed

IFC will provide up to US$99 million as senior loans to Guodong Network Communication Group Co. Ltd. (“Guodong” or the “Company”) to finance the Company’s roll-out of over 9,000 towers in 9 poor provinces (each of which has GDP per capita in a range of 20 – 50% below the national average) within the frontier regions in China (the “Project”). The Project is IFC’s first investment in the telecom tow

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The project “Guodong Tower” is an infrastructure initiative in the Broadband sector, located in China. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

IFC will provide up to US$99 million as senior loans to Guodong Network Communication Group Co. Ltd. (“Guodong” or the “Company”) to finance the Company’s roll-out of over 9,000 towers in 9 poor provinces (each of which has GDP per capita in a range of 20 – 50% below the national average) within the frontier regions in China (the “Project”). The Project is IFC’s first investment in the telecom tower sector in China.  The Project will support private sector development in an SOE-dominated sector, promote inclusion and accelerate the efficient deployment of critical digital infrastructure in the poorest regions of the country. Guodong is the largest privately-owned and independent tower company in China with a nationwide network of 19,875 installed tower sites in 300 cities across 30 provinces as of June 30, 2020.                     

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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