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projet Torrecom
Proparco has allocated almost USD 30m to Torrecom to support the company’s expenditure to extend and improve its telecom coverage.
Client presentation

Torrecom is an independent developer and manager of telecom towers (“TowerCos”). It operates in Central America (Nicaragua, Panama, Mexico and Guatemala) and South America (Peru, Colombia). Torrecom ranks 8th among the independent TowerCos in Latin America. PROPARCO is the longstanding lender to Torrecom: in 2017, it largely contributed to the Group’s first growth phase by allocating a first USD 25m loan for the development of its activities in Nicaragua and Guatemala.

Project description

The project involves a USD 30m loan to finance the acquisition of an existing portfolio of 215 telecom towers and includes measures to improve and extend mobile phone coverage.

Project impact

By supporting the model of neutral, open and pooled infrastructure, Proparco is contributing to the fight against the digital divide: improved access to a 4G service for some 23,000 people is expected over the next 5 years, while limiting their environmental footprint. The project should also support 80 jobs over the next 5 years.  

12/06/2021
Date of signature of the project
Sectors
Guatemala Nicaragua Salvador Multi-country Latin America and the Caribbean
Location
Financing tool
26 520 509 Euros
Amount of funding
USD 30m loan
Financing details
TORRECOM PARTNERS LLC Y COMPANIA LIMITADA TORRECOM GUATEMALA LIMITADA TORRECOM EL SALVADOR, LTDA. DE C.V.
Client
CES