RURAL MOBILE SOLUTIONS PROVIDER

US$800M In Contracts Spanning 7 Countries

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Message: Financing for new contracts

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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