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Giga Mais Fibra's Fiber Optic Network Renovation

Sector: Telecommunications • Location: Brazil

Source: World Bank Group

Project
Active

"This project involves the renovation of Giga Mais Fibra’s existing fiber optic network across Brazil. The initiative is sponsored by Giga Mais Fibra (Giga+ Fibra), a brand under the Alloha Fibra company, which currently serves 4.94 million homes. The total project cost is $150 million (R$862.9 million), with $138m (R$800 million) raised through a debenture issuance by the sponsor in July (R$550m)

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Project Information

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The project “Giga Mais Fibra's Fiber Optic Network Renovation” is an infrastructure initiative in the Telecommunications sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

"This project involves the renovation of Giga Mais Fibra’s existing fiber optic network across Brazil. The initiative is sponsored by Giga Mais Fibra (Giga+ Fibra), a brand under the Alloha Fibra company, which currently serves 4.94 million homes. The total project cost is $150 million (R$862.9 million), with $138m (R$800 million) raised through a debenture issuance by the sponsor in July (R$550m) and in November (R$250m), while the remaining $12 million secured through equity. The debenture offering was coordinated by Itaú BBA, BTG Pactual, XP Investimentos, Votorantim, and Santander. Financial closure was achieved in November 2024." https://x.realfin.com/transaction/269907/giga-mais-fibra-debentures-2024-november ; https://www.telesintese.com.br/giga-vai-emitir-debentures-para-financiar-modernizacao-da-rede-optica/ ; https://valor.globo.com/financas/noticia/2024/10/21/giga-mais-fibra-vai-emitir-r-250-milhoes-em-debentures-incentivadas.ghtml ; https://www.businessradar.com/company/5af7f-br-giga-mais-fibra-telecomunicacoes-sa/ ; https://inteligenciafinanceira.com.br/mercado-financeiro/economia/giga-mais-fibra-vai-emitir-r-250-milhoes-em-debentures-incentivadas/ ; https://teletime.com.br/16/07/2024/alloha-aprova-emissao-de-r-550-milhoes-em-debentures-incentivadas/

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