Cable and Wireless Panama S.A.
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Cable & Wireless Panamá S.A
Cabanas Britos, Edgar
USD $ 100,000,000
Project scope and objective
The proposed investment consists of a Revolving Line for the Purchase of Accounts Receivable through which IDB Invest will purchase Cable and Wireless Panamá S.A. ("CWP") at a discount (to market price) with and/or without recourse, a full or proportional part of the eligible accounts receivable, including invoices, PPAs (Partial Payment Accounts) or CNOs (Certificates of No Objection) to be paid by the corresponding debtor. An Accounts Receivable Purchase Agreement with the Seller will establish the legal framework and mechanism for the sale, assignment and transfer of the Eligible Accounts Receivable issued and accepted in accordance with the agreement signed between the Seller and the debtor.
CWP, a subsidiary of Cable & Wireless Communications Limited and Cable & Wireless CALA Holding Limited (owned by Liberty Latin America Ltd.), provides fixed, mobile and broadband telephony services, pay television, corporate and business services with state-of-the-art technology, as well as solutions and applications from various fields such as health, education, citizen security and digital government. The market for communications platform services has been driven by an increase in the use of smartphones, as these technologies tend to be cheaper and therefore more accessible to the population. This service is reshaping the way many businesses are viewing communications.
The purpose of the transaction is to provide liquidity to the Company that will be invested in the deployment of telecommunications infrastructure, as well as in the delivery of broadband. These efforts are expected to contribute to closing the digital divide that requires a coordinated effort between government, regulators, regional and international organizations, and the private sector.
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Director Financiero (CFO)
+507 224-2123/+507 224-6161
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005