AES COMMUNICATIONS BOLIVIA

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AES COMMUNICATIONS BOLIVIA SEPTEMBER 30, 2002
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COMPANY DESCRIPTION

• STARTED COMMERCIAL OPERATIONS IN DEC-01 WITH THE
  TELECOM MARKET OPENING IN BOLIVIA
• FULL-PLEDGED TELECOM BUSINESS (WHOLESALE AND
  RETAIL)
• TOTAL AMOUNT INVESTED OF US. 39.6 MM.
• 230 EMPLOYEES WITH OFFICES IN LA PAZ, COCHABAMBA
  AND SANTA CRUZ
• ONE OF ONLY TWO BOLIVIAN TELECOM OPERATORS WITH
  OWN FIBER OPTIC INFRASTRUCTURE
• THE SECOND BOLIVIAN TELECOM PLAYER IN TERMS OF
  MARKET SCOPE

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PHASE I- CONCLUDED PROJECTS
FO Links
La Paz Desaguadero
LA PAZ

• OSP La Paz
• 23 Km Underground construction, 31 Km aerial
  construction
• Lucent Equipment 11 POPs

• International Long Haul
• 300 Km link to Chile, Nortel equipment
• 100 Km link to Perú, Nortel Equipment.

• National Backbone
• 1100 Km fiber optic link
• DWDM/SDH solution Nortel Equipment

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PHASE II PLANNED PROJECTS
FO Links
LA PAZ
Cochabamba
Santa Cruz

• Satellite Links
• Other Cities

• OSP Cochabamba Santa Cruz
• RFP ready to be presented

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STATUS OF LONG TERM FINANCING MULTILATERAL

• TOTAL PROJECT COST U 97.8 MM
• SOURCES OF FUNDS
• AES EQUITY CONTRIBUTION U 39.1 MM
• INTERNAL CASH GENERATION U 8.2 MM
• MEZZANINE/EQUITY FINANCING U 10.5MM
• IDB FACILITY U40.0 MM
• U97.8 MM

• USES OF FUNDS
• -HARD COSTS, UP FRONT FEES US 71,9
• -REFINANCING
• BANK DEBT US 18,7
• -WORKING CAPITAL US 7,2

• PROCESS
• SEP 26 FINAL CREDIT
  COMITEE APPROVAL (DONE)
• OCT 30 BOARD OF DIRECTORS
• JAN 2 FIRST DISBURSEMENT