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.
Telecommunications, Media and Technology
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 45,000,000
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.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005