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Wireless

Telecom Argentina requests USD 500 mln IFC loan for LTE

Wednesday 13 July 2016 | 12:09 CET | News
Telecom Argentina has requested a USD 500 million loan from the International Finance Corporation (IFC), the World Bank's lending arm, to fund further mobile network expansion, reports local daily El Cronista. "The project aims to support the company's capex plan for Argentina including the deployment of a nationwide 4G LTE network and for refinancing of short term debt," said the IFC on its website. According to the report, the operator wants to add 640 mobile towers a year over the next three years to its existing portfolio of around 4,100 sites.

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Categories: Mobile & Wireless
Companies: Personal / Telecom Argentina
Countries: Argentina
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