1. I recall that revenue is typically $2000 per site, but I noticed a few months ago a contract was signed with $1500 revenue, why the drop in revenue and do you expect to continue to get $2000 per site going forward?

Response : Revenue will vary from country to country as it is driven by three different metrics ; Average revenue per user per month, Penetration rate and Average population er village. All efforts are made to maximize revenue (eg. RAN solution upgrade that led to over 20% increase in traffic in the last month)

2. Can you remind me how many sites you currently have? And how many sites do you need to reach positive cash flow, and any idea when this is possible to reach, assuming the EIB is received within a few months?

Response : 

a) over 100

b) With 7 countries under contract so supporting 7 operations teams, there are too many metrics that could influence this important milestone. Having said that, our estimate is between 550 and 700 sites that we expect to reach positive EBITDA.