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- Orascom Telecom Tunisie S.A.
Orascom Telecom Tunisie S.A.
Tunisia
| Borrower | Orascom Telecom Tunisie S.A. |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Telecom |
| Approved | 16.09.2003 |
| Signed | 07.09.2004 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Co-financiers | PROPARCO, DEG, FMO, ECA Facility, international fac, local bank/int cash |
| OPEC Fund Contribution (US$m) | 11.88 |
Tunisiana was formed in 2002 and is the second GSM mobile phone operator in Tunisia. Awarded a 15-year license to install and operate a GSM network throughout the country, Tunisiana is backed by highly experienced operators such as Orascom Holdings of Egypt and Wataniya Telecom of Kuwait. The Fund’s loan is part of a 280 million financing package, and will be used to assist Tunisiana in expanding its network capacity, hereby enabling it to reach a larger volume of subscribers and to increase its profits. In recent years, investment by the government in the telecom infrastructure has been substantial, and the legislative foundation is now in place for a liberalized telecom market. Tunisiana thus expects a rapid increase in the number of mobile phone owners, from around 4% of the population in 2003 to some 41% by 2012.