CONVERGENCE PARTNERS COMMUNICATIONS
Status: Approved investmentWhy disclosure?
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In case of questions
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Convergence Partners Communications Infrastructure Fund (CPCIF) is the only infrastructure fund that is dedicated solely to the information and communications technology (ICT) sector in Africa.
What is our funding objective?
The fund will invest in communications infrastructure and related services and technologies across sub-Saharan Africa. It expects to generate significant returns for investors, while also enabling ICT-driven socio-economic development.
Why do we fund this investment?
FMO made a commitment to CPCIF because we expect that growing demand for bandwidth (doubling every 18 months) will continue to create a market need for investment in (shared) communications infrastructure. We see the potential development impact of expanding access to and quality of telecommunications services in Africa. The Convergence Partners team is addressing this opportunity with their extensive sector experience and network across the continent.
- Website customer/investment
- http://www.convergencepartners.co.za
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 10/29/2013
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B