OCL Malawi

hold

Open Connect Limited (“OCL” or the “Company”) is the leading provider of carrier services to telecom operators in Malawi.  Having recently been unbundled from Malawi Telecommunications Limited (“MTL”) and privatized through a competitive tender process, OCL now requires debt funding to complement equity investments from its new investors, for its capital expenditure program for the next two years.  Specifically, IFC’s funding will be used to (i) deploy fiber for providing fiber to the Business, Home and Tower (“FTTx”) services within Malawi, (ii) build a Tier III data centre, (iii) acquire international internet capacity for domestic distribution, and (iv) fund working capital (the “Project”). IFC’s investment promotes infrastructure sharing under wholesale open-access principles and enables OCL to remain active and competitive in the Malawian telecom market.