Telecom Personal signs IIC loan

Telecom Personal signs IIC loan

Bonds Structured Finance Argentina Loans Project & Infrastructure Finance

Telecom Personal signed a six-year $100m loan with the IIC, its second multilateral credit line in six months.Personal, the mobile phone division of Argentina's Grupo Telecom, will use proceeds to expand its 4G network as part of a planned ARS40bn ($2.61bn) in investments through 2018, Grupo Telecom said in a statement.The IDB, which funds the IIC, last week increased its lending target in Argentina by $500m to $2.1bn in 2017, including $350m for the province of Buenos Aires and $130m for the Ag

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