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Company name

Colombia Telecomunicaciones S.A. ESP - Coltel

Project number

12618-01, 12618 - 02

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Colombia

Sector

Digital Economy

Status

In implementation

Disclosed date

08/09/2019

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/10/2019

Approval date

09/10/2019

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

N/A

Currency

USD

Project scope and objective

The project consists of two types of financing: (i) a line of credit for up to US$100 million in local currency to finance the fixed investments of Colombia Telecomunicaciones S.A. ESP (hereinafter “Coltel,” “Enterprise,” or “Company”) during the 2019-2020 year (the “Financing”); and (ii) a facility for purchasing up to US$60 million of accounts receivable (the “Facility”) that will be used to discount invoices from Coltel’s program to finance individual and corporate subscribers’ purchase of mobile devices, communication equipment, and telecommunications service. The line of credit granted under the Financing will have a term of up to seven years and a grace period of up to two years. The Facility will be available for a period of up to 48 months and invoices will have a payment period of up to 24 months. The company is not obliged or committed to take the line of credit under the Financing or the purchase of portfolio under the Facility.

 

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .