Summary of Proposed Investment
Project Number
4906
Company Name
JORDAN MOBILE TELEPHONE SERVICES
Date SPI Disclosed
Apr 11, 1995
Country
Jordan
Industry
Telecommunications and Technology
Status
Completed
Sector
Mobile Telephony
Department
WBG Digital and AI
Environmental Category
B - Limited
Previous Events
Approved : Jun 28, 1995
Signed : Oct 25, 1995
Invested : Aug 7, 1996
Project Description
SUMMARY OF PROJECT INFORMATION
Project Name JORDAN: Jordan Mobile Telephone Services Company Ltd.
Project involves the development, installation and operation of a
nationwide GSM (Global System for MobileCommunications) cellular telephone network.
Region Middle East
Sector Telecommunications
Project No. 004906
Company Name Jordan Mobile Telephone Services Company Ltd. (JMTS)
Location of project and
Description of site Headquartered in Amman.
Project will be
nationwide.
Date SPI sent to PIC April 18, 1995
Projected Board Date May 25, 1995
Description of Company and Purpose of Project
JMTS, a joint venture between Motorola and a
group of Jordanian private investors, has been awarded a license to install
and operate a digital cellular telephone system in Jordan. The 15-year
license, which was awarded under a competitive bid, requires the Company
to build up, within a four year period, a nation-wide network providing
coverage to 95% of the populated areas of the country. Service is
expected to start no later than October 30, 1995.
Cellular has become an integral part of a modern
telecommunications network, and the JMTS system would complement the basic
wireline network by offering efficient mobile telephone services using
state-of-the-art digital technology. It would also supplement, in the near
term, the shortage of telephone service in Jordan, which today stands at a
density of only 7%.
Technical Partner and/or Major Shareholders
Motorola Inc. will provide the technology and is
also the largest beneficial shareholder at 28%. The balance of the shares
are held by private Jordanian corporate and institutional investors.
Project Cost including proposed IFC investment
Total project cost is US$84 million. IFC would
provide an equity investment of about US$3 million and arrange US$35
million of debt financing: US$15 million for IFC''s own account and the
balance through syndication with participant banks (and/or co-financing).
Environmental Category and Issues
This is a Category B project under IFC''s
Environmental Review Procedure. Potential environmental issues include
minimal impacts associated with microwave transmission, radio towers, solid
waste disposal, halon use, and worker safety. The sponsors have submitted
a response to IFC''s Environmental Questionnaire and are preparing an
environmental plan addressing the issues listed above. In addition, IFC
is exploring alternatives to, and potential mitigative measures
associated with, halon use. The Environmental Review Summary will be available
from the Public Information Center on or about May 10, 1995.
For additional information contact: Corporate Relations Unit
-telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Project Name JORDAN: Jordan Mobile Telephone Services Company Ltd.
Project involves the development, installation and operation of a
nationwide GSM (Global System for MobileCommunications) cellular telephone network.
Region Middle East
Sector Telecommunications
Project No. 004906
Company Name Jordan Mobile Telephone Services Company Ltd. (JMTS)
Location of project and
Description of site Headquartered in Amman.
Project will be
nationwide.
Date SPI sent to PIC April 18, 1995
Projected Board Date May 25, 1995
Description of Company and Purpose of Project
JMTS, a joint venture between Motorola and a
group of Jordanian private investors, has been awarded a license to install
and operate a digital cellular telephone system in Jordan. The 15-year
license, which was awarded under a competitive bid, requires the Company
to build up, within a four year period, a nation-wide network providing
coverage to 95% of the populated areas of the country. Service is
expected to start no later than October 30, 1995.
Cellular has become an integral part of a modern
telecommunications network, and the JMTS system would complement the basic
wireline network by offering efficient mobile telephone services using
state-of-the-art digital technology. It would also supplement, in the near
term, the shortage of telephone service in Jordan, which today stands at a
density of only 7%.
Technical Partner and/or Major Shareholders
Motorola Inc. will provide the technology and is
also the largest beneficial shareholder at 28%. The balance of the shares
are held by private Jordanian corporate and institutional investors.
Project Cost including proposed IFC investment
Total project cost is US$84 million. IFC would
provide an equity investment of about US$3 million and arrange US$35
million of debt financing: US$15 million for IFC''s own account and the
balance through syndication with participant banks (and/or co-financing).
Environmental Category and Issues
This is a Category B project under IFC''s
Environmental Review Procedure. Potential environmental issues include
minimal impacts associated with microwave transmission, radio towers, solid
waste disposal, halon use, and worker safety. The sponsors have submitted
a response to IFC''s Environmental Questionnaire and are preparing an
environmental plan addressing the issues listed above. In addition, IFC
is exploring alternatives to, and potential mitigative measures
associated with, halon use. The Environmental Review Summary will be available
from the Public Information Center on or about May 10, 1995.
For additional information contact: Corporate Relations Unit
-telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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