Expression of Interest For Inventory And A Valuation Of Comores TelecomS Assets And Restructuring Plan For Its Debts

Expression of Interest for Inventory and a Valuation of Comores Telecoms Assets and Restructuring Plan for its Debts The World Bank is looking to hire a consultant firm to provide technical assistance to Comores Telecom, the historical operator for the Union of the Comoros. The overall objective of the assignment is to facilitate the partial privatization of Comores Telecom (CT). The assignment will include: (1) an accurate and current inventory and valuation of the state-owned enterprises assets; (2) the design of a restructuring plan for the companys debt; and (3) close collaboration with a transaction advisor to be appointed by the Government. Specifically, the assignment will aim to: 1) 1. Conduct an inventory and detailed valuation of the companys assets including: a. An inventory of tangible assets such as telecom and energy infrastructure assets, land, buildings, as well as intangible assets such as spectrum, licenses, and rights-of-way. For the tangible assets, the inventory should assess the physical conditions, operational efficiency, and compliance with relevant standards to ensure a thorough understanding of the assets status. This will require fieldwork covering the islands. It should also determine assets that are necessary for the operation of the networks and the provision of services. b. A valuation of the inventoried assets by estimating the value of each asset. 2) 2. Design a restructuring plan for the companys debt to optimize the companys balance sheet, ensuring financial stability, and making it attractive to potential investors. This may require negotiation with the main debtor (China EXIM Bank). It will also require consideration of which, if any, World Bank instruments may be appropriate for debt consolidation, including, for instance and IBRD enclave loan, risk guarantees and IDA short-term maturity loans. 3) 3. Close coordination with the transaction advisor to be appointed by the Government. This technical assistance study is being financed from a PPIAF trust fund and will be executed by the Bank. The Transaction Advisor will be financed from a project preparation grant made available to the Comorian Government and would be managed by the Government. Areas o f collaboration may include design of social plan for the company. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/6380/view.html

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