PROJECT

Projects

Summary of Investment Information

Project Number

34211

Company Name

Indigo Tadzhikistan ZAO

Date SPI Disclosed

Apr 11, 2014

Country

Tajikistan

Region

Central Asia and Turkiye

Projected Board Date

May 12, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 8, 2021

Department

Gbl Infrastructure & Natural Resources

Industry

Telecommunications and Technology

Previous Events

Approved : May 27, 2014
Signed : Jun 13, 2014
Invested : Aug 1, 2014

Sector

Mobile Telephony

Project Description

With approximately 3.1 million subscribers and a market share of 36%, TCell (or “the Company”) is Tajikistan’s largest mobile phone operator. Established in 1998, it is also the country’s first mobile operator. TeliaSonera acquired a controlling stake in the Company in July 2007 and AKFED, which was a shareholder at the time of TeliaSonera’s purchase, owns the remainder of the Company.

TCell is seeking to raise US$30 million from the IFC to expand the services it offers and its geographic reach within Tajikistan. Over the next five years the Company intends to grow its mobile broadband and value added services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation