IFC lends to Telecom Argentina

IFC lends to Telecom Argentina

Loans Telecoms Argentina

IFC said it has arranged $450m in financing for Telecom Argentina to extend broadband services to underserved regions in the country. The financing involves $110m from the IFC and additional funding from international banks, the multilateral lender said in a press release. The IFC did not name the other lenders or disclose the terms of the deal. The loan "will help revert a decade-long trend of underfunding in Argentina's telecommunications sector... particularly outside the city of Buenos Aires

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