IFC signs off on debt deal for Seychellois ISP

Image Credit: Pixabay

International Finance Corporation has agreed to provide financing to a provider of internet, tv, and voice services in the Seychelles. The World Bank’s DFI is providing Intelvision with $20 million which the privately-held business will use to lease new cable from Vodafone Carrier Services, part of the firm’s 2Africa cable network.

IFC is providing $10 million of the financing as a loan from its own account, while the balance has been mobilized from partners under the Managed Co-Lending Portfolio Program, the IFC’s syndications platform. None of the terms of the financing have been made available.

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