Torrecom builds and manages telecom towers in Nicaragua and Guatemala. The loan will allow Torrecom to continue its development in these two countries and improve access to 3G/4G.
TORRECOM PARTNERS LLC Y COMPAÑÍA LIMITADA and TORRECOM GUATEMALA LIMITADA are developers, owners and operators of telecom towers in Nicaragua and Guatemala. The towers are developed via Sale and Leaseback contracts (acquisition of an existing portfolio of towers) and Build-to-Suit contracts (construction of towers at the request of a mobile operator).
The loan will allow Torrecom to continue to develop its portfolio in Guatemala and Nicaragua, with the objective of building 700 towers by 2019.
The project’s main impacts concern: (i) the improvement in access to telecom services, in particular data telecoms (3G/4G), via the extension and densification of networks; (ii) the improvement in the performance of the sector, particularly via the development of a joint rental model which, due to a pooling effect, reduces the cost for the sector and visual pollution, and (iii) the impacts on employment, particularly at macroeconomic level.
17/05/2017Date of signature of the project
Guatemala Nicaragua Multi-country Latin America and the CaribbeanLocation
22 872 827 EurosAmount of funding
Loan of USD 25m
TORRECOM PARTNERS LLC Y COMPANIA LIMITADA / TORRECOM GUATEMALA & NICARAGUA