Project description
and objectives:
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The proposed project will assist in consolidating the competition in the
Moldovan communications market by supporting the leading cable TV operator,
SUN Communications, in its ongoing acquisition and modernisation programme in
Chisinau and in the main cities of the country. Modernisation will include
upgrading the cable TV networks for two-way operation at up to 860MHz,
building of optical fibre transmission links, etc.
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Transition impact:
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The project supports a privately owned company operating in a sector dominated
by the state-owned incumbent. The project is likely to contribute to an
increased role of private enterprises in provision of communications services
in Moldova.
The project will also help enhance competition in a sector dominated by a
single strong player by assisting a private operator gain foothold by
increasing its market share. This will lead to increased penetration rates in
cable TV and Internet services and a better quality of service.
The development of alternative telecoms operators, such as SUN, offering
packages that include TV programmes, the Internet and voice telephony will
have a major demonstration effect and will likely generate further
consolidation and restructuring.
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The client:
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SUN Communications is the largest cable TV operator in Moldova and a
residential and corporate Internet service provider with a client base in
excess of 65,000 subscribers. SUN operates a modern 860MHz hybrid fibre
–coaxial network which covers 83% of Chisinau and a MMDS wireless network
which practically secures full coverage of the city. SUN also operates a cable
TV network in Balti.
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EBRD finance:
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The Bank will invest USD 4 million in equity and USD 4 Million in long term
debt along the founder and shareholder of the Company
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Total project cost:
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USD 15.5 Million
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Environmental impact:
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Screened C/0. The operation is unlikely to involve any significant
environmental issues. The Company are currently completing the Bank’s
corporate environmental due diligence questionnaire for Telecom and Media
projects. The Project will be required to comply with national and EU
environmental, health, safety and labour standards and requirements and
reporting to the Bank on environmental, health, safety and labour protection
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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Mr John Maxemchuk, CEO
jmaxemchuk@suntv.com
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EBRD contact:
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Alexandru Cosovan, Operation Leader: cosovana@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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