InfraCo Asia Investments, the investment arm of a Private Infrastructure Development Group (PIDG) company InfraCo Asia, funded by the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO), has contributed USD 15 million to a growth financing package supporting Net1 Indonesia’s roll-out of broadband access in underserved regions of rural Indonesia.

InfraCo Asia joins a group of investors, led by Gemcorp Capital, which has co-committed USD 75 million to Mobile Internet Holdings BV, an indirectly owned subsidiary of Net1 International Holdings AS (Net1 International). Mobile Internet Holdings, through its subsidiaries, specialises in delivering broadband connectivity to underserved populations in emerging markets. In view of disruptions to movement, supply chains and livelihoods, internet connectivity is only growing in importance amidst the ongoing COVID-19 pandemic.

The debt financing facility of USD 75 million in total is committed collectively with c.$47.5m by Gemcorp Capital, $15m by InfraCo Asia Investments, and $12.5m by OP Finnfund Global Impact Fund I.

JD Fouchard, Chairman of Net1 International, said: “We are delighted with the additional support from our current lenders and shareholders, as well as from two new and important financing partners. We are proud to bring on board a leading infrastructure investment company, InfraCo Asia and Finland’s first emerging markets impact fund OP Finnfund Global Impact Fund I, whom, alongside our long-term partners Gemcorp Capital, are enabling us to continue our growth plan in Indonesia. Our aim is to ultimately transform the lives of hundreds of thousands of people in rural areas where limited or no broadband access is currently available.”

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“InfraCo Asia joins a group of investors, led by Gemcorp Capital, which has co-committed USD 75 million to Mobile Internet Holdings BV, an indirectly owned subsidiary of Net1 International Holdings AS (Net1 International). Mobile Internet Holdings, through its subsidiaries, specialises in delivering broadband connectivity to underserved populations in emerging markets. In view of disruptions to movement, supply chains and livelihoods, internet connectivity is only growing in importance amidst the ongoing COVID-19 pandemic.”Allard Nooy, CEO of InfraCo Asia

Providing connectivity to over 300,000 households

InfraCo Asia joins a group of investors, led by Gemcorp Capital, which has co-committed USD 75 million to Mobile Internet Holdings BV, an indirectly owned subsidiary of Net1 International Holdings AS (Net1 International). Mobile Internet Holdings, through its subsidiaries, specialises in delivering broadband connectivity to underserved populations in emerging markets. In view of disruptions to movement, supply chains and livelihoods, internet connectivity is only growing in importance amidst the ongoing COVID-19 pandemic.

Mobile Internet Holdings, through its subsidiaries, specialises in delivering broadband connectivity to underserved populations in emerging markets. In view of disruptions to movement, supply chains and livelihoods, internet connectivity is only growing in importance amidst the ongoing COVID-19 pandemic.

InfraCo Asia and Finland’s first emerging markets impact fund OP Finnfund Global Impact Fund I, whom, alongside our long-term partners Gemcorp Capital, are enabling us to continue our growth plan in Indonesia. Our aim is to ultimately transform the lives of hundreds of thousands of people in rural areas where limited or no broadband access is currently available.


All media enquiries to :
InfraCo Asia
Aditi Sridha,
Communications Manager
nigel.choo@infracoasia.com
communications@infracoasia.com
+65 6321 6644
Other enquiries:
InfraCo Asia
Allard Nooy, CEO
allard.noy@infracoasia.com
+65 6321 6688

Prabaljit Sarkar, Director
(Business Development)
prabaljit.sarkar@infracoasia.com
+65 6321 6666

The Private Infrastructure Development Group
Cecilie Sorhus, Head of
Communications, PIDG
cecilie.sorhus@pidg.com
+44 (0) 7917 302724