ifc: building the digital infrastructure in emerging markets

IFC country office

IFC-financed/assisted project

IFC HQ

Broadband—Retail& Wholesale 27% IT and ITES 3% Tower 29%

Mobile NetworkOperators 32%

Private Equity Funds 5%Datacenters 4%

East Asia 6% Latin America 23% South Asia 10%

Africa 26% Europe 8%Middle East andNorth Africa <1% World 27%

IFC’s Impact in Digital Infrastructure

About IFC

• Largest multilateral source of debt and equity financing to private sector digital infrastructure in emerging markets

• AAA-rated by S&P and Moody’s

• Loans, equity, quasi-equity, local currency and risk management products, capital market access, and mobilization

• Advisory services to help develop priority projects, structure and tender PPPs, and improve financial management

• World-class social, environmental, and corporate governance standards and risk mitigation

Our approachIFC’s efforts in the Telecommunications, Media and Technology (TMT) sector in emerging markets are aimed at building digital infrastructure, connecting the unconnected, and bridging the digital divide. Our investment focus is on financing shared infrastructure models such as open-access, carrier-neutral broadband networks, independent tower companies and data centers—as well as supporting mobile network operators, including in the most challenging markets.

The IFC difference

• In the last ten years, IFC has committed and mobilized more than $5.9 billion for TMT projects in emerging markets.

• We offer a broad range of financing products, including senior debt, mezzanine, equity, syndication and project finance in a variety of currencies.

• Our team includes specialists with deep experience and expertise in TMT project structuring.

• Together with the World Bank, IFC brings additional value by supporting enabling regulation, enhancing the private sector’s role, promoting competition, and strengthening the bankability of new business models.

Telecommunications, media, and technology are the building blocks of the modern world. Digital infrastructure underpins every aspect of society and the economy. Smart cities, e-government, financial services, manufacturing and e-commerce all rely on strong digital infrastructure. Strengthening the digital capacity of developing countries enables inclusive growth, economic stability and improved quality of life for all citizens, including the most vulnerable.

Telecommunications, media, and technology portfolio$1.05 billion outstanding committed TMT portfolio as of June 2021

Over the last decade, IFC has committed and mobilized more than $5.9 billion for the TMT sector in emerging markets.

By sub-sector

By region

IFC’s global reach

Iraq

Zain Iraq

$269 millionLoan/mobilization

Comoros

Telma Comoros

$13 millionLoan

Argentina

Telecom Personal

$500 millionLoan/mobilization

Myanmar

Ooredoo

$150 millionLoan

Bangladesh

Robi Axiata

$194 millionLoan/mobilization

Pan-Africa

Eastcastle

$24 millionEquity

Indonesia

Protelindo

$50 millionLoan

Pan-Africa

Helios Towers

$325 millionLoan/mobilization/equity/mezzanine

Pan-Africa

IHS Towers

$312 millionLoan/mobilization/

equity

Brazil

Odata

$30 millionLoan

World

O3B

$320 millionLoan/mobilization/

mezzanine

Pan-Africa

C-Squared

$20 millionEquity

Pan-Africa

WIOCC

$90 millionLoan/mobilization

India

NxtGen

$9 millionEquity

Pan-Africa

Liquid Telecom

$620 millionAnchor Bond Investor

Selected IFC TMT projects

IFC telecommunications, media and technology contacts

German Cufre Global Manager, TMT +1 (202) 459 3778 gcufre@ifc.orgRebecca Konrad Chief Investment Officer +1 (202) 473 3047 rkonrad@ifc.orgEric Crabtree Sector Lead, Towers & Data Centers +1 (202) 460 2863 ecrabtree@ifc.orgEduard Danielyan Sector Lead, Mobile Operators & Satellite +1 (202) 247 1480 edanielyan@ifc.orgAriana Batori Sector Lead, Broadband & Energy Solutions to the Telecom Sector +1 (202) 468 9759 abatori@ifc.orgErica Noda Lead, Global Client Relationships +1 (202) 751 6325 enoda@ifc.orgFerdinand Van Ingen Senior Industry Specialist +1 (202) 212 9736 fvaningen@ifc.orgCharlotte Kaheru Senior Industry Specialist +1 (202) 621 4924 ckaheru@ifc.org

International Finance Corporation 2121 Pennsylvania Avenue NW Washington, DC 20433www.ifc.org | www.ifc.org/infrastructure | www.ifc.org/tmt