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
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
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.
Amendment to the Publication (August 28, 2026):
Project Name: "COLTEL" Facilidad para compra de Cuentas por Cobrar
Project Number: 12618-01
Amount: US$60,000,000
Scope & Objective: The project consists of 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 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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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
Transversal 60 No. 114A-65 Bogota, Colombia
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For information requests about the project.
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ESRS AND ESAP - MOVISTAR COLOMBIA 2019
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