Telemovil El Salvador S.A. (Telemovil II)

completed

Summary Of Project Information (SPI)Project NameEl Salvador-Telemovil II     RegionLatin America and CaribbeanSectorProject No007181Projected Board DateDecember 15, 1995Company NameTelemovil El Salvador S.A.Technical Partner and/or Major Shareholders Millicom International Holdings Ltd (55%), IFC (15%)Project Cost Including proposed IFC investment Project Cost: US$43.0 million - IFC Loans: US$20.0 millionLocation of project and Description of site Countrywide.Description of Company and Purpose of Project Telemovil was awarded a cellular concession in 1991 after a competitive bid. It currently has about 12,000 subscribers and plans to expand to 60,000 by 1999 in response to higher than anticipated demand and the arrival of competition. Currently, the government of El Salvador is planning to license a competitor to ANTEL, the state owned national carrier in order to improve telephone service in the country and increase wireline penetration which is only about 5%. Environmental Category and Issues This is an Environmental Review Category B Project. Key issues associated with this project include right of way alignment, microwave transmission, radio towers, site selection, solid waste disposal, fire safety and employee training and safety.The is November 15, 1995 from the Public Information Center.Date SPI sent to PIC      November 9, 1995For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).