Telecom draws from IDB Invest credit line

Telecom draws from IDB Invest credit line

Loans Debt Corporate & Sovereign Strategy Project & Infrastructure Finance Telecoms Coronavirus Argentina

Telecom Argentina said on Wednesday that it drew $25 million from a $300 million credit line it has with IDB Invest to expand telecommunications services in the country. Telecom will use the money from the 31-month credit, due in November 2022, to expand its 4G mobile phone network and increase broadband internet services, the company said in a securities filing. The financing is from a $300 million credit line that Telecom secured from the multilateral lender in May 2019, it added. Telecom is t

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial