PROJECT

Projects

Summary of Investment Information

Project Number

37968

Company Name

Cabo Servicos de Telecomunicacoes Ltda

Date SPI Disclosed

Apr 20, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 19, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Oct 2, 2021

Department

TMT, Venture Capital & Funds

Industry

Telecommunications and Technology

Previous Events

Approved : Sep 29, 2017
Signed : Jan 3, 2018
Invested : Mar 1, 2018

Sector

Cable and Broadband

Project Description

Triple Play Participações S.A. ("Company" or "Cabo") is a holding company that currently owns two leading independent triple play (cable TV, telephony and broadband) service providers in the northeast Brazil cities of Natal and Fortaleza: Cabo Serviços de Telecomunicações Ltda. and Videomar Rede Nordeste S.A., respectively.

The Company is seeking IFC financing of up to BRL $120 million. The IFC financing will support Cabo to fund the service expansion investment plans to accelerate the growth of its footprint (the "Project").

 

Associated Advisory Engagement

No associated advisory services engagement.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation