Telecom Argentina

Telecom Argentina - IFC AB Loan

Borrower (s)
Telecom Argentina
Industry
Telecoms and Communications/Cellular / mobile infrastructure
Area of finance
Development Bank Finance
Region
Latin America
Countries
Argentina

Deal Overview

The proposed investment consists of a financial package to Telecom Argentina S.A.  The purpose of the investment is to fund the expansion of the Company’s 4G mobile and FTTP/B (fiber-to-the-premise/block) fixed broadband coverage, and to upgrade the existing network’s capacity,...

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The proposed investment consists of a financial package to Telecom Argentina S.A.  The purpose of the investment is to fund the expansion of the Company’s 4G mobile and FTTP/B (fiber-to-the-premise/block) fixed broadband coverage, and to upgrade the existing network’s capacity, speed and energy efficiency. The Project is expected to result in improved quality of digital connectivity, increase subscriber growth, improve energy efficiency of the network, and benefit underserved areas such as La Consulta in the Province of Mendoza, Villa El Salvador in San Juan or Rivera in the Province of Buenos Aires. The enhancements to existing facilities will not only expand connection speeds, but also incorporate new technology that measurably improves energy efficiency. On the broadband business, further expansion of its FTTP/B will deliver more products to its customers and also increase the capacity and reliability of the fixed network. For the same two-year period, the expansion of the FTTP/B network to approximately 1,200,000 households is planned, extending the service in towns such as Tartagal (Salta Province) and Tafi Viejo (Tucuman Province) in the Norwest of Argentina and Allen and Plottier (Neuquén Province) in Patagonia.

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Deal Volume
$ 184.5m
Financial Close
28 June 2022
Sources
Submitted by participant(s), Press release, TXF article

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