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Al-Hadatha Telecom and Technology PSC

EBRD and EU help DAMAMAX to improve telecommunications services in Jordan

3 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up to US$ 5 million to Jordan’s telecommunications provider Al-Hadatha Telecom and Technology PSC (DAMAMAX) to support the expansion of the company’s fibre-to-the-premises (FTTx) services. A loan of up to US$ 4.5 million by the EBRD provided in local currency and in US dollars will be complemented by an up to US$ 487,500 investment grant by the EU and used to finance investments in the expansion of fibre optic networks to underserved areas of the capital, Amman. The availability of affordable high-speed broadband…

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EBRD and EU help DAMAMAX to improve telecommunications services in Jordan

3 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up to US$ 5 million to Jordan’s telecommunications provider Al-Hadatha Telecom and Technology PSC (DAMAMAX) to support the expansion of the company’s fibre-to-the-premises (FTTx) services. A loan of up to US$ 4.5 million by the EBRD provided in…