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Reaching funding phase 5 allows us to expand the plan into Guinea as well.
How do you plan to expand the plan if you reach phase 5?
The businessplan includes phase 5 already. The business plan calculates on a more linear growth of towers and thus also reachable customer base. The more towers we build, the more customers we earn, the more profits we get. The more money we raise, the faster we can build. Once we have covered Guinea-Bissau, we start building towers in Guinea. So the Phase 5 is not a hard barrier in the plan. If we get less money we still might do Guinea, if the revenues are bigger than planned. When we declare Guinea-Bissau complete and its time to go into Guinea is a question of the market at that time. The first 2 years we pretty much will be busy with building up Guinea-Bissau as fast as the cashflow allows. If we then get enough cash to go into Guinea at that time and if the market still is interesting to do so is then decided. In other words, if we reach Phase 5 in funding would allow us financially to be capable to buildup Guinea as well if the growth is according to the plan. If we only reach Phase 4 in the funding, we probably won't have enough cash to do Guinea as well. But if we make exceptionally good returns in the first 2 years it might still be a possibility.
