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    Reference: 20150740
    Release date: 2 March 2016

    Promoter – Financial Intermediary

    AFRICA MOBILE NETWORKS LTD

    Location

    Description

    The project consists of the purchase and installation of mobile telecom networks to extend the reach of telecommunication services to rural communities of the Democratic Republic of Congo (DRC) and Cameroon currently not served by any operator. The project is to be implemented from 2016 to 2018. Services will operate using the frequency bands awarded to established operators under revenue share agreements. By the end of 2018 the two networks are planned to provide coverage to over 3.6 m people based on 650 sites. The project will extend mobile telecommunication network population coverage from 75% to 80% in the DRC and from 85% to 95% in Cameroon. It includes investment in the core, access, transmission components and energy equipment.

    Objectives

    The project aims to provide first-time access to mobile telecommunications (voice and data) for rural populations in Cameroon and Democratic Republic of Congo.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    USD 26 million (EUR 23 million)

    Total cost (Approximate amount)

    USD 65 million (EUR 58 million)

    Environmental aspects

    If located in the EU, the project would not require an environmental impact assessment (EIA) under Directive 2011/92/EU. During appraisal it will be assessed whether the promoter and its contractors will comply with local national legislation and international best practice on environmental and social issues.

    Procurement

    The project's operation is considered as belonging to the private sector. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. During appraisal it will be assessed which components of investment costs will be eligible for EIB direct funding.

    Status

    Signed - 21/12/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Cameroon Congo (Democratic Republic) Telecom