Project: Supply and Installation of Telecommunication Equipment

This transaction falls under a Supply Agreement between two global companies, one a manufacturer of telecommunications equipment while the other provides mobile telephone services. ATI is insuring receivables from the supply and installation of network connectivity equipment and related accessories in several African countries.

Madagascar has three main mobile operators with Orange Madagascar commanding a 58% majority of the market. Socio-political challenges, low penetration rates and low gross domestic product are expected to dampen the telecommunications growth rate in the near to mid term forecast. The ATI funded project supports the industry’s push for deeper penetration and broader access across Madagascar in preparation for a post-civil conflict period that will see increased domestic spending.

Maximum Sum Insured: $1.6 million