Enforta

Location:

Russia

Project number:

35892

Business sector:

Information and Communication Technologies

Notice type:

Private

Environmental category:

C

Target board date:

23 Jan 2007

Status:

Completed

PSD disclosed:

18 Sep 2006

Project Description

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.

Transition Impact

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
     
  • 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.

 

The Client

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.

EBRD Finance

Up to USD 7 million equity and USD 5 million debt financing.

Project Cost

USD 57 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

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

 

Business opportunities

For business opportunities or procurement, contact the client company.

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