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Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature.

Projects in India

Project Name Modicom Network Private Limited
Guarantee Holder Motorola, Inc.
Investor Country United States
Host Country India
Sector Telecommunications
Gross Exposure ($million) 9.6
Fiscal Year 1998
Status Not Active
Project Number 1910
 

In its first project in India, MIGA issued $9.6 million in coverage to Motorola, Inc. of the United States for an investment to establish a mobile cellular network in Punjab Province and Karnataka State. MIGA covers the investment against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project involves the design, construction, operation, management, and maintenance of a mobile cellular network. The network will use the Global System for Mobile Communications technology, a new digital radio-telephone system that provides roaming facilities, or signal compatibility, enabling subscribers to move freely throughout areas using the technology. The infrastructure consists of a network of base stations controlled by a mobile switching center. The project will use new telecommunications equipment at the cell sites and master switch centers and an interconnection with the existing land line public telephone system.

The project will significantly improve telecommunications facilities to better serve approximately 235,000 subscribers in the two regions. It will employ more than 650 Indian nationals and will provide extensive, ongoing technical, engineering, and customer service training. All operational material, such as antennas and control towers, will be procured locally. Cell sites will be rented from local businesses, and handsets will be sold or rented through retail outlets.

 
 
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