Jakarta-Singapore Submarine Cable System
|Corporate Finance for Subsea Cable Fiber Optic Developer
|Telecommunication and Informatics
|Sumatera and Java Island
|First Disclosure Date
IIF provides a corporate term loan aimed to refinance a bond and providing a working capital facility in the telecommunications sector, specifically for developing and/or managing subsea cables. The project has successfully connected northern parts of Sumatra and Java Island with high-speed internet since 2020. The project coverage includes regions across two provinces in Sumatra and four provinces in Java, with the cable length of 574 km and 875 km respectively, enhancing the Indonesian government’s efforts to increase internet coverage and speed capacity. The Social and Environmental Due Diligence process of IIF and a notable International Financial Institution have assigned a Category B to this project, indicating that the associated risks and impacts are manageable through compliance with IIF’s Social and Environmental Principles. The IIF participation in this investment signifies its ongoing commitment to supporting Indonesia’s telecommunications infrastructure development.
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Last Update: December 2023