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DEG steps up financing in South Asia
18 January 2012
German development agency DEG is lending $50 million to the mobile communications and finance sectors in South Asia.
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DEG
Viom
telecoms
India telecoms
South Asia
Bangladesh
Eastern Bank
SMEs
DEG telecoms
DEG (Deutsche Investitions- und Entwicklungsgesellschaft) is providing a long-term loan to the amount of $30 million to India’s Viom Neworks.
"Viom sets the benchmark for India's infrastructure development. Our commitment will enable the company to create a modern communication infrastructure also in sparsely populated areas," says Dr Michael Bornmann, member of DEG's management board, on the occasion of the signing of the...
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