Investment Commitments to Telecommunications Reached a New Peak in 2007
This note states that investment commitments to telecommunications projects with private participation in low- and middle-income countries amounted to US$75 billion in 2007, according to just-released data from the Private Participation in Infrastr...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/10/10266932/investment-commitments-telecommunications-reached-new-peak-2007-investment-commitments-telecommunications-reached-new-peak-2007 http://hdl.handle.net/10986/11014 |
| Summary: | This note states that investment
commitments to telecommunications projects with private
participation in low- and middle-income countries amounted
to US$75 billion in 2007, according to just-released data
from the Private Participation in Infrastructure Project
Database. That marked a new peak for the 1990-2007 periods.
In 2007, 29 telecommunications projects with private
participation reached financial or contractual closure in 28
low- and middle-income countries. Of these projects, 23 were
greenfield merchant projects, involving investment of US$3.1
billion, and 6 were divestitures, with US$1.4 billion.
Previously implemented greenfield projects accounted for
another US$46.9 billion, and previously divested companies
for US$23.6 billion. Four telecommunications projects were
canceled or became distressed in 2007, bringing the total
number to 42. These 42 contracts represent 5 percent of all
telecommunications projects and 4 percent of investment
commitments during 1990-2007. The report concludes, no
telecommunications projects were concluded in 2007. |
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