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Название проекта

Fiber@Home Debt

Early intelligence
23 Май 2020

Опубликован

23 Май 2020

Бюджет

 


Тип тендера

Услуги, Поставки, Работы

Номер

IFC41289

Донор

IFC - Международная финансовая корпорация (МФК)


Страны

Бангладеш

Fiber@Home Debt

Summary of Investment Information

Project Number
41289

Company Name
FIBER AT HOME LIMITED

Date SPI Disclosed
May 22, 2020

Country
Bangladesh

Region
South Asia

Projected Board Date
Jun 26, 2020

Environmental Category
B

Status
Pending Approval

Department
Regional Industry - INF Asia & Pac

Industry
other

Sector
other

Project Description

Fiber@Home (“the Company”) is a Bangladesh based wholesale fiber optic network developer and operator company. In 2009, the Company was awarded the first private nationwide telecommunication transmission network (“NTTN”) license by the Bangladesh Telecommunication Regulatory Commission (“BTRC”). The Company has since developed over 48,000 km of fiber optic cable (“FOC”) in the country across both metro city regions and cross-country networks.

The proposed investment supports the Company to 1) further expand its FOC network, 2) increase network capacity through the upgradation of active equipment, 3) provide network resilience via the development of redundancy at key network nodes, and also 4) funding general working capital needs, including the development of related businesses such as data-centers (“the Project”).

Project Sponsor and Major Shareholders of Project Company

Fiber @ Home is majority owned by Mr. Moynul Haque Siddiqui and Mr. Wahidul Haque Siddiqui and their family and affiliates, with several minority investors in the shareholding structure.


Total Project Cost and Amount and Nature of IFC's Investment

The total project cost is expected to be approximately US$ 35 million, to be financed with a combination of debt and internal accruals. The proposed IFC investment is an A Loan of US$20 million.


Location of Project and Description of Site

The project involves the expansion of Fiber@Home’s nationwide network across the entire country of Bangladesh, with a focus on improving access to currently underserved regions and expansion of services to the community level. The Company is headquartered in Dhaka, with regional offices across the entire country for network expansion and maintenance.


Hyperlinks to Related Project Dossiers:

https://disclosures.ifc.org/#/projectDetail/SII/41289