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Company name

Be Aliv Limited

Project number

12509-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Bahamas

Sector

Digital Economy

Status

Hold

Disclosed date

09/16/2019

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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10/22/2019

Approval date

10/29/2019

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 20,000,000

Financing amount

USD $ 30,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a Senior Loan for a period of 8 years for an amount up to US$50 million (the “IDB Group Financing”) to support ALIV’s (i) capital expenditure plan, (ii) customer acquisition, and (iii) refinancing of existing debt in The Bahamas. The proposed transaction is in line with IDB Invest’s strategic objective of promoting innovation and technological development and support infrastructure to enhance competitiveness and productivity.



The financing will consist of an A Loan of up to US$14 million and a B Loan for up to US$36 million.



Be Aliv Ltd. (“ALIV”) is the second largest mobile network operator in The Bahamas, created in 2016 as a JV between publicly listed leading fixed cable operator, Cable Bahamas Ltd. (“CBL”) and the Government of the Bahamas (“GoB”). ALIV has approximately 150,000 individual and corporate subscribers and 38% market share.



 


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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

barry.williams@bealiv.com

PHONE NUMBER

N/A

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .