The transaction process

The Central Bank of Haiti (“Banque de la République d’Haiti” or “BRH”) is inviting private sector companies or consortia of private sector companies to express their interest and register for the Project. Registered parties will have access to the Information Memorandum and the Data Room, and will be allowed to conduct their due diligence including site visits and meetings with the Project’s stakeholders.

Registration

Interested parties may download the invitation letter describing the registration process.

To register, an interested party needs to:

  1. submit a signed confidentiality letter; and
  2. provide information related to the following areas:
  • a description of the interested party’s organization, including brief biographies of key management;
  • a description of the interested party’s experience in the telecom industry and/or a list of recent equity-type transactions; and
  • evidence of the interested party’s financial ability to undertake the Project: for instance, recent audited financial statements, a description of the proposed funding of the Transaction and/or the operations of the company, and/or evidence of commitments to support such funding.

At any time during the due diligence process, BRH may send registered parties a final bid package with the Government’s preferred form of transaction documents. Registered parties will then be asked to submit final binding bids. Negotiation of transaction terms with any registered party may begin either before or after the date on which final bids are submitted. BRH and its advisors will evaluate final bids and will select one or more registered parties for final negotiation.

Information Memorandum and Data Room

Registered parties will have access to the Information Memorandum and the Data Room. The Data Room will include the following documents:

  • the contractual documentation of the Transaction;
  • technical studies including market forecasts, assessment of TELECO’s current infrastructure, studies on TELECO’s potential business opportunities;
  • corporate documentation on TELECO which will include relevant material disclosures; and
  • legal and regulatory documentation.