SONATEL Mobile Telecom Services (MIGA-70c580929b)

Countries
  • Sierra Leone
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
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.
Voting Date
Jun 21, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Sonatel
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 97.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Disclosed by Bank May 17, 2018


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Project Description

Telecom operator Airtel originally launched mobile operations in 2000 under the ownership of Celtel, a telecom company operating in several African countries. In 2005, Celtel sold its ownership in Airtel to the Zain Group of Kuwait. In 2010, India's Bharti Airtel Ltd acquired Zain's telecom assets in Africa, notably in Mali, Burkina Faso, Republic of the Congo, Chad, and Sierra Leone. In July 2016, SONATEL and Orange, via its Middle East & Africa subsidiary (OMEA), acquired the shares of Airtel Sierra Leone Ltd (Airtel) and renamed the company Orange Sierra Leone with the operating licenses transferred to the new entity. The company plans to scale-up telecom infrastructure and services throughout Sierra Leone, including

  1. modernizing existing assets,
  2. expanding network coverage by deploying around 100 new tower sites by 2024 (300 sites currently operational and 30 of these sites are co-locations) notably in underserved and rural areas,
  3. improving network quality and reliability, and
  4. offering new services including mobile banking. Currently, Orange SL Ltd. operates 2 offices, 6 shops and 300 active network sites in Sierra Leone.
Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors

SONATEL was founded in 1985 as a public telecom operator and is now Senegal's largest company in revenue terms offering a wide range of fixed, mobile, internet, television and data solutions. Orange S.A., is a leading publicly listed French telecom 2 company with over 260 million customers globally whose largest shareholder is the French Government.

Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/