ATH is an integrated MNO holding company based in Fiji and, through its subsidiaries, provides a broad range of telecommunication and related services across 7 pacific island countries.

Listed on the South Pacific Stock Exchange in Fiji, the Company is currently majority owned by Fiji National Provident Fund (72.25%), followed by the Government of Fiji (15.25%) and rest by other shareholders and individuals. For the proposed borrowing subsidiaries, ATH owns 100% in Vanuatu and Kiribati, 75% in Samoa and 35% in PNG.                                                  

 IFC’s proposed investment is a US$80 million senior, unsecured debt financing package directed towards (i) capital expenditure to ATH's subsidiaries in Vanuatu, Kiribati, Samoa and PNG and (ii) refinancing of existing debt at ATH.

The Project is located in Vanuatu, Samoa, Kiribati and PNG.

 N/A                                                  

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012), since it is expected to have limited adverse E&S impacts that are site-specific, reversible, and readily addressed through existing mitigation measures and Good International Industry Practices (“GIIP”).

Key E&S aspects associated with the Project include (i) the OpCos’ capacity and E&S management system (EMSM) to manage E&S risks/impacts of current and future operations in line with IFC PSs; (ii) management of labor and working conditions and occupational health and safety (“OHS”) policies and practices, including GBVH and contractor workers; (iii) impacts on community health and safety covering impacts from electro-magnetic fields (“EMF”), road transport, construction risks, structural integrity of towers, unauthorized access to tower sites, and potential abuse and GBVH from the acts of security personnel; (iv) assessment and management of biodiversity impacts; and (v) stakeholder engagement and grievance redress.