Smart Axiata Secures $50M Maybank Funding to Accelerate Cambodia's 5G and Digital Infrastructure Boom

Andrew Lee

Smart Axiata Secures $50M Maybank Funding to Accelerate Cambodia's 5G and Digital Infrastructure Boom

Smart Axiata has secured a $50 million extended financing facility from Maybank Cambodia to propel digital and telecommunications advancements.

This funding targets the rapid expansion of 5G connectivity and robust digital infrastructure across Cambodia.

Driving Cambodia's Digital Economy Forward

The initiative aligns seamlessly with Cambodia’s Digital Economy and Society Policy Framework 2021-2035.

Maybank Cambodia positions this as its inaugural new economy-aligned financing under the ROAR30 sustainability strategy.

Enhanced infrastructure will unlock greater access to digital education, remote learning, and financial services for everyday Cambodians.

SMEs will gain from adopting ICT solutions to enhance productivity and broaden market opportunities.

Leadership Vision and Long-Term Impact

Maybank Cambodia CEO Rath Sophoan underscored its alignment with national and ASEAN growth agendas.

Smart Axiata CEO Ritesh Kumar Singh affirmed connectivity's pivotal role in enabling societal and economic progress.

Future efforts will bridge the digital divide, fostering job creation and attracting foreign investments.

Sustained network upgrades promise reliable, future-proof connectivity amid surging demand.

This partnership bolsters Cambodia's socio-economic development and deeper ASEAN integration.

Written by

Andrew Lee

Journalist

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