The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to USD 97.5 million to support the expansion of ON Telecom, a Brazilian broadband internet services provider, to increase the company\'s network coverage and provide connectivity to underserved regions in the State of Sao Paulo, Telecompaper.com reported on Sept 17, 2014. The financing package includes USD 27.5 million in equities and a loan of up to USD 70 million, which includes the equivalent of about USD 40 million in syndicated loans.