Company name
Wind Telecom, S.A.
Project number
DR3632A-01
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.
E&S category
B
Country
Dominican Republic
Sector
Digital Economy
Status
Completed
Disclosed date
05/11/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/15/2010
Approval date
08/04/2010
Signed date
11/23/2010
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 2,500,000
Financing amount
USD $ 2,500,000
Currency
USD
Project scope and objective
Wind Telecom, S.A. (the "Company" or "Wind") provides television and telecommunications services in the Dominican Republic. The range of services provided include pay TV, Internet access, voice, data center, and connectivity and interconnection through wireless transmission systems (MMDS, WiMAX, and point-to-point access through microwaves) and fiber optics. Wind was awarded a national concession and license to operate the 2.5 GHz to 2.7 GHz frequency segment for a period of 20 years. The Company has been operating since 2008 and as of December 2009 it employed approximately 300 workers.
The IIC will be supporting the investment plan of the Company with a quasi-equity loan of up to US$5 million. The investment plan to be financed is focused on the cities of Santo Domingo and Santiago and includes a) telecom network deployment and offering of related services; b) pay TV services; and c) working capital. The CII, through this project, aims to promote access to telecommunications services and pay TV in the Dominican Republic while also supporting a proposal for innovative technology in a market with high growth potential.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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