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Wireless

IDB arranges USD 37 mln loan with PTI to boost Ecuador tower market

Friday 18 June 2021 | 12:21 CET | News
The Inter-American Development Bank (IDB), through IDB Invest, said it has agreed a USD 36.8 million loan with Phoenix Tower International (PTI) to promote the shared telecommunications infrastructure market in Ecuador. The deal includes USD 25 million in funding from Proparco, a Development Finance Institution partly owned by the French Development Agency and private shareholders, and USD 11.8 million from CIFI, a non-bank financial institution specialising in infrastructure and energy financing in Latin America and the Caribbean.

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Categories: Mobile & Wireless
Companies: Phoenix Tower International
Countries: Ecuador
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