Oman: Oman Broadband Company - Tranche 2

terminated / cancelled

The Project is an extension facility provided in connection to an existing AIIB project (Oman Broadband Infrastructure, 2017), where AIIB has previously provided financing to OBC for the initial high-speed broadband network rollout focusing mainly on urban areas in Muscat (Phase 1). For Phase 1 deployments, AIIB mobilized a total of USD239.2 million. Following the completion of Phase 1, AIIB is financing the next phase of the network roll out (Phase 2), which is expected to complete by 2025 with the expected total funding of approximately USD151 million (the Project). The amount of a senior debt available for Phase 2 is sized at approximately USD46 million. The financing structure would blend the existing with additional debt. Phase 2 has the same business proposition to Phase 1 through Basic End-User Service (BEUC) and mobile backhaul services. It will cover part of the remaining part of Muscat and urban areas outside Muscat which were not included in Phase 1, using a mix of fibre-to-the-home (FTTH) and the new 5G fixed-wireless-access (FWA) technologies. The total home passed target under Phase 2 deployment until 2025 amounts to 226,000 where 77% of the home passed is outside Muscat area and the majority (83%) of the home passed roll-out targeting the high dense population across urban areas. For the backhaul, the total coverage target of tower/mobile is 1,550km up to 2030.