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Assisting telecom operators with financing AAE1 and SMW5 submarine cables

Sector: Telecommunications • Location: France

Source: Proparco Groupe AFD (Agence Française de Développement)

Project
Achevé

AFD’s contribution aims to finance Djibouti Télécom’s investment in AAE1 ($25 million) and SMW5 ($14.5 million) via a non-sovereign loan. This financing also comprises a $500,000 technical assistance line, a component which has helped Djibouti Télécom:Improve its financial and accounting management,Strengthen the strategic and operational management of its international activity to make the operat

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Project Information

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The project “Assisting telecom operators with financing AAE1 and SMW5 submarine cables” is an infrastructure initiative in the Telecommunications sector, located in France. Taiyo aggregates data on it from Proparco Groupe AFD (Agence Française de Développement).

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achevé

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Description

Description

AFD’s contribution aims to finance Djibouti Télécom’s investment in AAE1 ($25 million) and SMW5 ($14.5 million) via a non-sovereign loan. This financing also comprises a $500,000 technical assistance line, a component which has helped Djibouti Télécom:Improve its financial and accounting management,Strengthen the strategic and operational management of its international activity to make the operator a major player in the wholesale market in the subregion.The total cost of this project for Djibouti Télécom is $61.5 million. It is cofinanced by AFD, a loan from the Banque pour le Commerce et l'Industrie Mer Rouge (BCI-MR - $5 million) and financing from the Islamic Development Bank (IsDB - $16.5 million).

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High

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100%

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