Company name

QMC Telecom

Project number

12830-02

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

Regional

Sector

Telecommunications, Media and Technology

Status

In implementation

Disclosed date

01/12/2021

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

Projected board date
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07/12/2021

Approval date

07/12/2021

Signed date

N/A

Sponsoring entity

N/A

Team leader

Tsuchihashi, Daichi

Investment type

Syndicated amount

N/A

Financing amount

USD $ 45,000,000

Currency

COP, MXN, PEN

Project scope and objective

The proposed transaction is a long-term, guaranteed financing of up to US$45 million local currency equivalents to support the capital investment in the shared telecommunications infrastructure by QMC Telecom International Holdings, LLC ("QMC") and the needs of working capital in Mexico, Colombia and Peru (“IDB Invest Financing”). QMC's subsidiaries in each jurisdiction will be the borrower or guarantor of the IDB Invest Financing.



QMC is a leading independent owner, developer and operator of wireless communications infrastructure assets in Latin America. QMC owns and operates more than 2,400 wireless infrastructure sites. QMC has operations in Brazil, Colombia, Mexico, Peru and the United States (including Puerto Rico), expanding its reach to other countries in the region. QMC supports the operation of mobile network operators to increase the capacity and coverage of mobile broadband, which is especially critical in the context of the COVID-19 pandemic, where broadband connectivity is playing a key role.


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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

QMC - ENVIRONMENTAL AND SOCIAL SUMMARY REVIEW (ESRS)

245.8 Kb

QMC - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

440.3 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Ricardo Zubieta

POSITION

CFO

PHONE NUMBER

+1-917-796-6437

EMAIL

rzubieta@qmctelecom.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices