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General

IFC loans Telecom Argentina USD 400 mln for LTE expansion

Friday 7 October 2016 | 11:08 CET | News
The International Finance Corporation (IFC), the World Bank's lending arm, has announced that it has agreed to provide a USD 400 million 6-year financing package to Telecom Argentina for the expansion of its nationwide 4G LTE network. The IFC said the investment – its largest in Latin America's telecommunications sector – will help improve Argentina's wireless broadband connectivity and increase geographic coverage, adding that it hoped the expanded infrastructure would empower entrepreneurs by providing digital services like mobile e-commerce.

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Categories: General
Companies: Telecom Argentina
Countries: Argentina
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