Orange Mali S.A

pending

 Orange Mali (the “company”), established in 2003, is the leading telecommunications service provider in Mali, and is majority-owned by Sonatel SA, the primary Mobile Network Operator (MNO) in Senegal and an existing IFC client. Orange Mali offers a wide range of services, including communication services (voice, data, and fixed broadband), mobile money services, and energy (solar kits). The company is undertaking a €122 million-worth capital expenditure (CAPEX) program focused on improving their core network infrastructure, coverage expansion and enhancement of the quality of services (QoS) in urban and rural areas, including in poorly served regions of Mali.IFC’s proposed investment includes a €70 million A loan and €30 million mobilized from the Banque Ouest Africain de Development (BOAD). The remaining €22 million CAPEX requirement will be financed by Orange Mali’s internally generated cash. The proceeds from the financing will go to installation of solar based relay antenna, deployment of about 60 fiber optic cable connection plates (FTTX plates) in Bamako and in the regions of Segou and Sikasso; office and agency development; headquarter construction, and modernization of telecommunication equipment to support  network availability.