IDB Invest arranges loan for Phoenix Tower in Ecuador

IDB Invest arranges loan for Phoenix Tower in Ecuador

Loans International Financial Institutions Inter-American Development Bank (IDB) IDB Invest Debt Ecuador France Panama United States Telecoms Mobile

IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said it arranged $36.8 million in financing for US telecommunications infrastructure company Phoenix Tower International (PTI) to set up distributed antenna systems in Ecuador. The financing included $25 million from French development agency Proparco and $11.8 million Panama-based infrastructure lender Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), IDB Invest said in a press release on Wednesday

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