Corporate Overview Presentation June 2011
Main One Corporate Structure Main One Cable Company Portugal 100% MOCCM Main One Cable Main One Company Service Main One Cable Nigeria Company Company Mauritius 99.99% MOCCM 99.99% MOCCM SubsidiaryStructure 0.01% MOCCG 0.01% MOCCG Main One Cable Company Ghana 100% MOCCM 2 Page 2
Main One Cable – Who We Are Wholly African owned company with Carries traffic for the major Nigeria a vision to expand the much needed capacity and reduce the cost of and Ghanaian based operators and broadband communications on the ISPs since operations commenced. African continent. Efficient and expedient service 100 % availability on the network delivery with standard provisioning since launch in July 2010. cycle of 10 working days excluding last mile. Adequate capacity for effective broadband (Data, Video & Voice), IP Transit, IP Internet Access, and Collocation services on the continent and with the rest of the world. 3
Company Background • Chairperson: Mr. Fola Adeola, Founder GTB Bank • CEO: Funke Opeke • Funding Structure: $240m • Equity: $120m; Debt: $120m • Initial funding by Main Street Technologies Nigeria as Sponsor • Founded 2007 with 50 private shareholders from Nigeria & Ghana • Equity is 100% African Owned 4 Page 4
Funding Structure • Equity with shareholding as follows: Shareholder Equity at Equity Inception Now Main Street Technologies Nigeria 25% 35% African Finance Corporation Nigeria 25% 21.7% Pan African Infrastructure Development Fund SA 25% 21.7% FBN Capital Nigeria 12.5% 10.8% Skye Bank Nigeria 12.5% 10.8% • With 4 of the 5 broad categories of shareholders holding a combined 75% in the business, there is no doubt that the project would not have been achieved without their support. • Debt Providers • Construction Phase: African Development Bank - AfDB; DEG German Dev Bank; FBN Nigeria ; FBN UK; and Skye Bank • Operational Phase - Commercial Banks only: FBN Nigeria, FBN UK, Skye Bank Nigeria, Guaranty Trust Bank Nigeria 5 Page 5
Use of Funds Activity USD (000) % Backbone & Equipment + Duties & Taxes 186,913 77.9% Landing Stations and SDH 2,672 1.1% NOC & IT Equipment 1,310 0.6% Onward Connectivity 2,000 0.8% Licence Fees 1,550 0.6% PMO (Consultancy) Costs 13,413 5.6% Group Contingency 10,811 4.5% Legal and Financing Costs 21,331 8.9% 240,000 100% 6
Submarine Network Route Map PHASE I: • 7,000 Km From Sexial, Portugal To Ghana Through To Nigeria • Dedicated Capacity From Sexial To London Telehouse, North • Upgradable To 4.96tbps 1.92 Tbps With Phase II 7
Our Network Footprint Main One Cable is focused on developing innovative solutions to meet the disparate requirements of our customers and seeks partners to collaborate with to deliver these services to its client base. Recent collaboration with Cisco to deploy Main One’s IP- NGN platform. Initial product offering of Global IP Transit and Global IP Internet Access. Global Crossing as Tier 1 Upstream provider for Main One’s IP services. Engaged to enable connectivity for PAYG product offering and higher. Tier 1 provider enabling international connectivity for Main One and its customers. Other Tier 1 providers that Main One Cable has relationships with or connections to local Internet exchange. 8
Main One Service Offerings Main One has changed wholesale bandwidth pricing structure to provide more value to customers. Pricing based on economies of scale offered by cable rather than minor cost reduction over current market… Interconnection • Interconnection through our various POPs Services • IP services starting at 10 MBPS. Upstream connection Global IP Transit & with Tier 1 provider - Global Crossing Global IP Access • DS3 (45 MBPS). Allows a customer to grow into an Pay As You Grow SDH order International • Capacity increments over a shorter period of time (1 Private Leased to 5 years) Circuits (IPLC) • SDH (155 MBPS). For large operators and service IRU providers. Clear Channel. 9
Q & A 10
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