Manila - The Asian Development Bank (ADB) said Wednesday it was providing a 55-million-dollar loan to Afghanistan's leading mobile phone provider to expand its coverage to parts of the country with little or no telecommunications infrastructure in place.
The Manila-based ADB said the loan to Telecom Development Company Afghanistan Ltd (Roshan) would also support the roll-out of a mobile banking system that allows subscribers to transfer money through their mobile phones without having to open bank accounts.
New York - Sprint Nextel, the third-largest US mobile phone company, on Wednesday reported losses in the second quarter as its number of customers continued to decline.
Quarterly losses were 344 million dollars, or 12 cents per share, after earnings of 19 million dollars, or 1 cent per share, in the year-earlier period, the Overland Park, Kansas-based firm said.
Manila - The Asian Development Bank (ADB) said Wednesday it was providing a 55-million-dollar loan to Afghanistan's leading mobile phone provider to expand its coverage to parts of the country with little or no telecommunications infrastructure in place.
New York - Sprint Nextel, the third-largest US mobile phone company, on Wednesday reported losses in the second quarter as its number of customers continued to decline.
New York 
