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.
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.
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.
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
USD 15.5 Million
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.
Mr John Maxemchuk, CEO
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.