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Digicel Samoa
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 25517
Company nameTSCL
Country
Samoa
Sector1Mobile Telephony
Environmental categoryC
Department
StatusCompleted
Date SPI disclosedOctober 16, 2006
Projected board dateNovember 17, 2006
Previous EventsInvested: February 27, 2007
Signed: February 14, 2007
Approved: January 22, 2007
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Digicel Pacific Limited (Digicel Pacific or the sponsor) is a sister company of Digicel Limited, an international provider of GSM telecommunications services with operations in twenty-two countries throughout Latin America and the Caribbean including Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the Cayman Islands, Curacao, Dominica, French Guyana, Grenada, Guadeloupe, Haiti, Jamaica, Martinique, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Trinidad & Tobago and Turks & Caicos. Since commencing operation in Jamaica in April 2001, Digicel has become the largest GSM operator in the Caribbean region and continues to distinguish itself from incumbents through competitive tariffs as well as superior quality, functionality and service.

The project consists of financing the acquisition and nationwide build-out of a GSM digital mobile telephony network in Samoa, sponsored by Digicel Pacific. The project will be implemented by Telecom Samoa Cellular Limited (TSCL or the Project Company). Digicel Samoa Limited (a subsidiary of Digicel Pacific) has acquired 90% of TSCL from Telecom NZ.

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