Cabo Serviços de Telecomunicações Ltda. and Videomar Rede Nordeste S.A.
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.
Telecommunications, Media and Technology
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 31,135,300
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.
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Business Development Director
IDB Invest Contact
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