Company name
Desarrollos Gopca, S.A.P.I. de C.V
Project number
15101-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Mexico
Sector
Digital Economy
Status
In implementation
Disclosed date
10/18/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/02/2024
Approval date
12/20/2024
Signed date
02/24/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
IDB Invest proposes a US$5 million equity investment in Desarrollos Gopca, S.A.P.I. de C.V. (“Netwey”), a Mexican internet service provider (ISP) founded in 2018, offering fiber-to-the-home (FTTH) and fixed broadband (HBB) connectivity. Netwey offers high-speed internet access to low-income customers through a unique prepaid service model, standing out for offering high-speed internet with no long-term contracts or penalties for suspension, reconnection or cancellation. Since its inception, Netwey has experienced significant growth, reaching more than 250,000 connected homes and expanding to 17 of Mexico's 31 states. The proceeds of this investment will be used primarily to support Netwey's expansion plans, focusing on the expansion of its fiber network.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
hernan@netwey.com.mx
PHONE NUMBER
n/a
POST OFFICE ADDRESS
Av. Santa Fe núm. 495, Lomas de Santa Fe, Contadero, Cuajimalpa de Morelos, CP. 05348, CDMX.
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn 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.
NETWEY ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
143.4 Kb
NETWEY ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
92.2 Kb