Frontiir Co. Ltd. (DFC-2020-FRONTIIRCOLT)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Frontiir Co. Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 16, 2020


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Project Description

According to the bank document, "Frontiir Co. Ltd. (the “Borrower”), an internet service provider (“ISP”), will use the proceeds of the $40 million USD  OPIC loan for the expansion of its broadband network
by financing the costs of:

a) capital expenditures for utility pole Wi-Fi access points, b) deploying a fiber-optic network, c) purchasing international bandwidth capacity contracts, and d) data center infrastructure (the “Project”)".

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Godfrey Tan a.k.a. Wai Lin Tun, Allen Miu, and Minn Thein – the Borrower’s founders and executive management – are all U.S. citizens.

Contact Information

*There is no information being disclosed at this stage of the project*