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AMN Working With EIB to Fund $33 Million Capex Investment

AMN is working with the European Investment Bank (EIB) to fund EUR 30 million (approx. US$33 million) infrastructure for 650 rural mobile network base stations in the Democratic Republic of Congo (DRC) and Cameroon.

Details of the proposed funding have been published on the EIB website at http://www.eib.org/projects/pipeline/2015/20150740

AMN has been delivering commercial service to previously-unconnected rural areas in sub-Saharan Africa since the commissioning of its first base station in Benin in January 2014. AMN has since launched services in Cote d’Ivoire, Cameroon and in the first half of 2016 will also launch services in DRC, Nigeria and Guinea. AMN is on course to deploy over 5,000 rural base stations across 10+ countries in sub-Saharan Africa by 2020.

The EIB is the European Union's bank, owned by and representing the interests of the European Union Member States. The total EIB lending in 2015 was EUR77.5bn and nearly 10% of this amount is used to fund development projects outside of the EU.