Original disclosure @ IFC website
Updated in EWS May 29, 2020
Disclosed by Bank May 22, 2020
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According to the bank's website, "Fiber@Home (“the Company”) is a Bangladesh based wholesale fiber optic network developer and operator company. In 2009, the Company was awarded the first private nationwide telecommunication transmission network (“NTTN”) license by the Bangladesh Telecommunication Regulatory Commission (“BTRC”). The Company has since developed over 48,000 km of fiber optic cable (“FOC”) in the country across both metro city regions and cross-country networks.
The proposed investment supports the Company to 1) further expand its FOC network, 2) increase network capacity through the upgradation of active equipment, 3) provide network resilience via the development of redundancy at key network nodes, and also 4) funding general working capital needs, including the development of related businesses such as data-centers (“the Project”)."
Fiber @ Home is majority owned by Mr. Moynul Haque Siddiqui and Mr. Wahidul Haque Siddiqui and their family and affiliates, with several minority investors in the shareholding structure.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
Fiber @ Home Limited
Mohammad Nazim Uddin, Chief Financial Officer
+880 2 8814615-6, 8814868
House #7/B, Road #13, Gulshan-1, Dhaka-1212
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