Project description
and objectives:
|
Up to USD 7 million in the capital of Enforta,combined with a senior unsecured
loan to Enforta’s Russian subsidiary ZAO Prestige Internet (the company) in
the amount of USD 5 million to finance the ongoing expansion of its wireless
broadband services in regional centres throughout the Russian Federation.
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Transition impact:
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The proposed project will
-
enable the company to enhance its competitive position through the development
and expansion of internet broadband, virtual private network and telephony
services
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facilitate the use of pre-WIMAX and WIMAX technology to provide rapid
connections to customers who have had limited or no access to the internet
-
contribute to market expansion through introduction of new products based on
wireless broadband solutions
-
further fuel deployment of broadband internet, which has lagged in Russia due
to the antiquated local telecoms infrastructure
-
stimulate competition in Moscow and St Petersburg where the sector is
dominated by fixed line incumbent operators thanks to good DSL infrastructure.
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The client:
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The Enforta Group, sponsored by the Sumitomo Corporation and private equity
funds managed by Barings Vostok Capital Partners, is one of the largest
wireless broadband Internet service provider in the Russian Federation.
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EBRD finance:
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Up to USD 7 million equity and USD 5 million debt financing.
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Total project cost:
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USD 57 million.
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Environmental impact:
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Screened C/1. The Project is unlikely to be associated with any significant
environmental issues. The environmental due diligence is currently under way.
The Company will be required to comply with national and EU environmental,
health and safety standards and requirements and to submit annual reports on
environment, health and safety issues.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Lee Sparkman, President
Korp 58, Building 1
Second Floor
Partijniy Pereulok 1
115093
Moscow
Website: www.enforta.com
Tel: +7-495-540-4828
Fax: +7-495-540-4829
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EBRD contact:
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Sebastien Bourillon, Operation Leader: bourills@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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