Phoenix Tower borrows for Bolivia

Phoenix Tower borrows for Bolivia

Loans Telecoms Bolivia US

Phoenix Tower International (PTI) has received $72m in 10-year loans to fund acquisitions in Bolivia, with $58.5m from IDB Invest and $13.5m from the Panama-based infrastructure lender CIFI. The Florida-based telecommunications company will use the money to buy 600 towers from the local mobile phone company Nuevatel and build new ones in Bolivia, said Aitor Ezcurra, head of the corporates division at IDB Invest. "At first, Nuevatel will be the only mobile network operator [MNO] client for PTI,

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