RURAL MOBILE SOLUTIONS PROVIDER

US$800M In Contracts Spanning 7 Countries

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: Re: Financing for new contracts
1
May 19, 2023 11:39AM

Good afternoon Sir,

 

We continue working on closing additional contract to meet our objective of 10K sites. Strong from the MTN Group Framework Agreement and a strong growing pipeline, we expect new contracts for sure. Since this is material information, you understand that we cannot disclose anything.

We have 4642 sites in the backlog from which 1100 are finance thru the EIB/DFI loan. The balance and the upcoming contracts will be subject to other financing that have been kicked off already with various DFIs and key investors. EIB could be part of the upcoming financing but this time as followers.

Net profit from operations in the various subs will be used to build more sites, for sure.

Regards

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