IDB Invest funds QMC growth plans in LatAm

IDB Invest funds QMC growth plans in LatAm

Loans Telecoms Mobile Project & Infrastructure Finance Colombia Mexico Peru United States

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), has granted a $45 million loan for Puerto Rican telecommunications infrastructure company QMC Telecom to make investments in Mexico, Colombia and Peru. The financing comes in the three local currencies and will fund capital expenditures in towers, antenna systems and small cells to develop a fifth generation (5G) mobile network in the three countries, IDB Invest said in a press release on Wednesday. In Colombi

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