The Asian Development Bank (ADB) has approved a $25 million investment in Fiji’s Amalgamated Telecom Holdings (ATH) subsidiary, ATH International Venture Pte. Limited, (ATHIV), to finance a greenfield 4G mobile telecommunications network that will enhance mobile, broadband, and internet services in Papua New Guinea (PNG)—opening new opportunities for job creation and socioeconomic growth.

“This investment demonstrates our continued efforts to deliver essential and affordable infrastructure services to the people of PNG,” said Infrastructure Finance Division Director for Southeast Asia, East Asia, and the Pacific at ADB's Private Sector Operations Department Jackie B. Surtani. “Improved mobile services in PNG will increase domestic and regional connectivity and serve as a powerful access tool for other sectors of the economy such as telemedicine, education, and banking.