IFC and EMC to Expand Communications Services for Organizations in Emerging Markets

Washington, D.C., August 16 , 2011—IFC,a member of the World Bank Group, has arranged a $37 million financingpackage to help Emerging Markets Communications (EMC) expand operationsin developing countries, delivering critical communications services toorganizations in remote or underdeveloped regions.  

EMC provides end-to-end voice, data,and video services to development institutions, nongovernmental organizations,and companies operating in remote regions, conflict zones, and areas wherecommunications infrastructure has been damaged by natural disasters.

EMC’s services are a vital tool formany organizations working in tough or underdeveloped environments withcritical needs to communicate and access data efficiently and deliver servicesto local people.  The company provides services in more than 140 countrieson all continents with a focus on Africa, Central Asia, and other key emerging-marketregions.  

“IFC tailored a competitive financingpackage that will allow us to meet the needs of our customers in a timelyand efficient fashion and to keep investing in our unique hybrid— satelliteand terrestrial—infrastructure and patented and patent pending technologies,”said EMC’s CEO Abel Avellan.  “We consider IFC a key partner andlook forward to benefitting from their global knowledge and support aswe continue to expand in Africa, Latin America, Central Asia, the MiddleEast, and other parts of the world.”

IFC is providing EMC with about $20million in debt and equity financing.  Additionally, IFC has arrangedfor FMO, the development bank of the Netherlands, to provide $17 millionin parallel debt and equity financing to EMC.  The financing willbe used for working capital, growth equity, and to improve the company’scapital structure.

“Access to communication services isa vital part of organizations’ ability to contribute to the economic growthof countries around the world,” said Kent Lupberger, Global Head of IFCTelecommunications, Media, and Technology Investments.  “We havea long track record of investing in information and communication servicesin emerging markets and see this project as an important tool in ensuringthat organizations have the access they need to carry out their publicand private sector goals.”

About IFC

IFC, a member of the World Bank Group,is the largest global development institution focused exclusively on theprivate sector. We help developing countries achieve sustainable growthby financing investment, providing advisory services to businesses andgovernments, and mobilizing capital in the international financial markets.In fiscal year 2011, amid economic uncertainty across the globe, we helpedour clients create jobs, strengthen environmental performance, and contributeto their local communities—all while driving our investments to an all-timehigh of nearly $19 billion. For more information, visit

www.ifc.org

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About EMC

EMC provides mission-critical, end-to-endcommunication solutions to governments, nongovernmental organizations andmultinational corporations operating in remote regions of the world, aswell as providing infrastructure access services for GSM operators, PTTs,and ISP’s globally.  EMC’s R&D division owns several uniqueand highly differentiated patents in the area of bandwidth re-utilization,Satcom on the Move, Video Conferencing distribution and Zero Latency applicationdelivery, including the manufacturing and production. As a vertically integratedservice and technology company, EMC’s unified Communications (voice, data,video) customers benefit from EMC’s wholly owned and managed satelliteand terrestrial MPLS network. EMC’s unique connectivity and applicationservices (HD Connect™, SpeedNet™ and uCNet™) deliver the best end userexperience for corporate applications, voice, video and Internet access.For more information, visit

www.emc-corp.net

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