Millicom International Cellular, 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
Martinez Gama, Carlos
USD $ 48,330,100
USD $ 50,000,000
Project scope and objective
IDB Invest is considering an investment of up to US$ 50,000,000 in a private placement of a note denominated in Colombian Pesos (COP) with interest payable in US dollars but indexed to COP, that may be issued by Millicom International Cellular, S.A., a multinational company with significant revenues coming from Latin American countries (LAC).
Proceeds from the note would be used by the Company for, amongst other purposes, regional capex and general corporate purposes in IDB Invest’s regional member countries (“the Project”).
IDB Invest's commitment to purchase the note would be subject to certain conditions being met, including the Company agreeing to comply with IDB Invest's environment and social policies whilst IDB Invest is a noteholder.
Addendum to Millicom’s disclosure - March 20, 2018:
Previous amount: US$80 million
New amount: US$50 million
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005