main navigation menu miga logo
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter
x

About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Myanmar

KDDI Summit Global Myanmar Co. Ltd.

$406.2 million
Telecommunications
Project Brief
Active
twitteremail

Project Description

On August 31, 2016, MIGA issued guarantees of $406.2 million covering equity and shareholder loan investments from Sumitomo Corporation of Japan to KDDI Summit Global Myanmar Co. Ltd (KSGM) in Myanmar. The coverage is for a period of up to 10 years against the risk of transfer restriction.[1] 

The project involves a joint operation between the Myanmar Post and Telecom (MPT) and KSGM to operate, upgrade, reactivate, and expand MPT’s fixed line and wireless telecom network and service offerings in Myanmar.

Environmental Categorization

The project involves the development, operation, and decommissioning of telecommunications tower sites. The key issues associated with the project are environmental, health, safety, and social management; construction of towers; labor and working conditions (including employee and contractor occupational health and safety); and pollution prevention and abatement (including hazardous waste management). The environmental and social risks and impacts are limited, generally site-specific, and readily addressed through mitigation measures.

The project is a category B under MIGA’s Policy on Social and Environmental Sustainability. Click here to view the Environmental and Social Review Summary.

Development Impact

The project is expected to facilitate growth in Myanmar’s telecommunications sector, leading to an increase in the number of connections that are affordable.

MIGA’s proposed support for the investment is aligned with the World Bank Group’s Systematic Country Diagnostic and Country Partnership Framework for Myanmar, as well as the Agency’s strategy of supporting investments into countries eligible for concessional financing from the International Development Association.

Information on this project is being disclosed under the early disclosure procedures outlined in MIGA’s Access to Information Policy

 

[1] The guarantee for shareholder loan investments from Sumitomo Corporation of Japan, was cancelled on April 30, 2024

twitteremail