Vee Networks Limited
Sector: Broadband • Location: Nigeria
Source: Multilateral Investment Guarentee Agency (MIGA)
MIGA has issued a $45 million guarantee to Ericsson Credit AB covering its non-shareholder loan of $73.7 million, including interest, to Vee Networks Limited in Nigeria. The guarantee is for a period of up to eight years and covers against the risks of currency transfer restriction, expropriation, and war and civil disturbance. This contract replaces an earlier (2002) contract of guarantee issued
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | MIGA has issued a $45 million guarantee to Ericsson Credit AB covering its non-shareholder loan of $73.7 million, including interest, to Vee Networks Limited in Nigeria. The guarantee is for a period of up to eight years and covers against the risks of currency transfer restriction, expropriation, and war and civil disturbance. This contract replaces an earlier (2002) contract of guarantee issued to Ericsson for the project, previously known as Econet Wireless Limited. The project involves the installation, operation, and maintenance of a countrywide GSM mobile telephone network, under a 15-year license. Vee Networks Limited was the first GSM operator to commence operations in Nigeria and has an active subscriber base in excess of 2.7 million. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
