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telecom
newcom
telecommunications / central america
Newcom Limited is a leading facilities-based
provider of broadband communications solutions, services and infrastructure
in Central America. Headquartered in Guatemala, the Company offers broadband
voice, data, and video services to the corporate and government sectors,
both locally and regionally, primarily via its fixed wireless access network
to five Central American countries; Guatemala, Costa Rica, Honduras, Nicaragua,
and Panama.
Delphos International secured a $9.7
million OPIC loan, with project costs totaling approximately $15 million.
The loan provided for an expansion of the company's network and increased
the services offered within their network. Newcom expanded its network
and increasing the services that they offer within their network. An additional
advantage to the loan was that Newcom was able to remove short-term, high
cost debt. The loan was completed without the necessity of guarantors,
removing the obligations of the shareholders from a pervious.
telekom srbija
telecommunications / serbia & montenegro
Delphos International acted as a financial consultant
on a $253,000 USTDA Feasibility Study for Telekom Srbija, the state-owned
telecommunications operator in Serbia. During the course of the study,
Delphos International assisted in developing and implementing appropriate
business and market research tools and analyzed Telekom Srbija's borrowing
capacity and creditworthiness.
euro tel bratislava
telecommunications / slovakia
One of the First IFC Euro-Denominated
Financings
As financial advisor to Euro Tel
Bratislava, a joint venture between the MediaOne Group, Bell Atlantic,
and Slovak Telecom, Delphos International arranged $10 million in non-recourse
senior debt and $20 million in subordinated debt from the International
Finance Corporation (IFC). Delphos International also arranged $17 million
in political risk insurance coverage from MIGA. Agreements with IFC and
MIGA were signed less than five months after the initial requests. The
IFC loan was part of a $200 million financing package provided by a syndicate
of banks. This transaction was 100% financed. Because of unanticipated
competitive pressures, the loan facilities had to be replaced with flexible,
high-yield debt. On behalf of the sponsors, Delphos International negotiated
the early retirement of the IFC and MIGA facilities while minimizing prepayment
penalties.
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