04 03 2016

Asia Development Bank and International Finance Corporation on US$300 million loan financing to telecommunications provider Ooredoo Myanmar Limited

Mayer Brown JSM acted as the international legal adviser to the Asian Development Bank (ADB) and International Finance Corporation (IFC) on loans extended to Ooredoo Myanmar Limited, a telecommunications provider in Myanmar.


The US$300 million loan (US$150 million each from ADB and IFC) will be used to finance Ooredoo’s telecommunications infrastructure rollout that will provide a full range of fixed, mobile and data services across Myanmar. Providing affordable, widely available telecom services to support economic growth and cut poverty has been a priority goal of the Myanmar government. Mayer Brown JSM advised the Asian Development Bank and International Finance Corporation on the transaction with a team led by Banking & Finance partner Benjamin Thompson (picture), assisted by associate Rohan Bilimoria. Involved fees earner: Rohan Bilimoria - Mayer & Brown; Benjamin Thompson - Mayer & Brown;

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