Wind Telecom asks for IFC loan to help expansion plans

16 Dec 2008

BNamericas is reporting that Dominican Republic triple-play operator Wind Telecom has requested a USD20 million loan from the International Finance Corporation (IFC). Wind is believed to have applied for the loan in a bid to help fund the planned expansion of its telecoms and television network, which will cost an estimated USD88.5 million. Wind, which launched in March 2008, offers broadband, VoIP and pay-TV services, and holds a 20-year national spectrum licence. It currently only operates in the Santo Domingo and Santiago areas. The IFC is expected to approve the loan by mid-February 2009, and has proposed credit of USD20 million from its account to be divided into a USD10 million equity investment and a USD10 million C Loan with detachable warrants.

Dominican Republic