Proposed Equity Investment and Loan: Bemobile Expansion Project (Papua New Guinea and Solomon Islands)

Date: March 2011
Country:
Subject:
Document Type: Reports and Recommendations of the President
Project Number: 44937-014

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Description

This Report and Recommendation of the President for the proposed Equity Investment and Loan for the Bemobile Expansion Project (Papua New Guinea and Solomon Islands) describes terms and conditions proposed for the approval of ADB's Board of Directors.

Bemobile will use the proceeds of the equity investment and loan to strengthen its telecom backbone infrastructure and upgrade and expand its existing network in Papua New Guinea (PNG), and continue the network roll-out in Solomon Islands to increase national geographic and population coverage. The project will be the first private sector investment by the Asian Development Bank (ADB) in Solomon Islands.