Company name

WOM S.A.

Project number

12195-02

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

Chile

Sector

Telecommunications, Media and Technology

Status

Proposed

Disclosed date

10/05/2021

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

Projected board date
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11/23/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Arauz, Gonzalo C.

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 100,000,000

Currency

USD

Project scope and objective

The proposed operation is a facility for the purchase of accounts receivable (the “Operation, the" Line of Credit "or" the Project ") that will be used to discount the invoices originated in the WOM S.A. program ("WOM", the "Client" or the "Company") of financing to individual and corporate subscribers for the purchase of mobile devices and telecommunications services in Chile. The Line of Credit will be available for a period of up to 48 months and the invoices a cancellation period of up to 24 months.

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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.

WOM - ENVIROMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

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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

Valeria Andia

POSITION

Gerente de Sostenibilidad

PHONE NUMBER

+56963208691

EMAIL

Valeria.andia@wom.cl

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