Company name

Cabo Serviços de Telecomunicações Ltda. and Videomar Rede Nordeste S.A.

Project number

12166-01

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
tooltip

B

Country

Brazil

Sector

Telecommunications, Media and Technology

Status

Completed

Disclosed date

10/23/2018

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

Projected board date
tooltip

11/27/2018

Approval date

11/29/2018

Signed date

06/20/2019

Sponsoring entity

N/A

Team leader

MaestroMigrate

Investment type

Syndicated amount

N/A

Financing amount

USD $ 31,135,300

Currency

BRL

Project scope and objective

The transaction consists of a senior loan for a period of 7 years in the amount of R$120 million Brazilian reais to a group of service provider companies that belong to Triple Play Brasil Participações S.A. The purpose is to finance: (a) capital related to the expansion and/or modernization of the company’s existing network, (b) business development costs and (c) general corporate uses.



Triple Play Brasil Participações S.A. is a regional provider of bundled television, broadband and landline telephony services (“triple play”) in the northeastern (states of Rio Grande do Norte and Ceará) and southeastern (states of São Paulo and Minas Gerais) regions of Brazil. The company operates under five brand names: Cabo Telecom in Natal, Multiplay and Tecnet in Fortaleza, Alegra in São João de Boa Vista, and Direta, in Guaxupé.


For inquiries, comments and information requests about the project

Request information

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

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 SUMMARY

72.3 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Marcus Varotti

POSITION

Business Development Director

PHONE NUMBER

55-11-96698-8896

EMAIL

mvarotti@3pp.com.br

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices