Company name

Megacale Holdings S.A.B. de C.V. and its subsidiaries

Project number

13229-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
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C

Country

Mexico

Sector

Telecommunications, Media and Technology

Status

Hold

Disclosed date

03/19/2021

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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07/29/2021

Approval date

07/29/2021

Signed date

N/A

Sponsoring entity

N/A

Team leader

Cabanas Britos, Edgar

Investment type

Financing requested

USD $ 20,000,000

Syndicated amount

N/A

Financing amount

USD $ 25,098,100

Currency

MXN

Project scope and objective

The transaction consists of a revolving, uncommitted credit facility to be provided by IDB Invest to Megacable Holdings S.A.B. de C.V. and its subsidiaries (“Megacable”), for an amount of US$20 million (the “Transaction”). IDB Invest will purchase from and discount to the supplier’s credit rights payable by Megacable, previously confirmed by the latter, through an eligible electronic platform.



Megacable is a Mexican cable operator and provider of internet and phone service. Its supply pool in Mexico is comprised of over 5,000 suppliers, mostly Micro, Small, and Medium-sized Enterprises (MSMEs).



Through this Transaction, IDB Invest seeks to facilitate access to financing to Megacable’s MSMEs suppliers in Mexico, through the discount or monetization of credit rights arising from the sale of goods and/or services of MSMEs suppliers to Megacable.


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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

MEGACABLE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) MARCH - 2021

307.2 Kb

MEGACABLE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) MARCH 2021

286.7 Kb

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Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Alan Esau Gallegos Lopez

POSITION

Investors Relations Manager

PHONE NUMBER

+52 - 3338154144

EMAIL

esau.gallegos@megacable.com.mx

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices