Company name

Telecom Argentina S.A.

Project number

13666-01

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

Argentina

Sector

Telecommunications, Media and Technology

Status

Proposed

Disclosed date

09/12/2022

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

Projected board date
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10/13/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

Telecom Argentina S.A.

Team leader

Cabanas Britos, Edgar

Investment type

Syndicated amount

USD $ 525,000,000

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

La inversión propuesta consiste en una potencial transacción con Telecom Argentina S.A. compuesta por: (i) un préstamo senior por hasta US$50 millones (“Préstamo A”); y (ii) un préstamo senior por hasta US$450 millones (“Préstamo B”), cuyos recursos se utilizarían para financiar proyectos ("CapEx") sostenibles relacionados con la infraestructura 4G/5G, incluyendo zonas alejadas de los centros urbanos que actualmente no tienen acceso a datos móviles como La Consulta en Mendoza, Villa El Salvador en San Juan o Rivera en Buenos Aires, así como para continuar con la expansión de la red de Fibra hasta el Hogar ("FTTH"), especialmente en regiones remotas como Tartagal, y Tafí Viejo en el noroeste de Argentina y Allen y Plottier en la Patagonia, zonas donde la Compañía tiene menos cobertura. Además, los recursos del financiamiento se utilizarán para refinanciar ciertas obligaciones financieras existentes, capital de trabajo y fines corporativos generals. La financiación será potencialmente complementada con un co-préstamo por un monto agregado de hasta aproximadamente US$75 millones (“Co-Loan”).

 

 

El objetivo de la transacción es apoyar el despliegue de infraestructura de telecomunicaciones, logrando un mayor acceso digital, calidad de banda ancha y la mejora de la conectividad en Argentina, permitiendo a Telecom Argentina ampliar su base de suscriptores en el mediano plazo.

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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. 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.

TELECOM ARGENTINA B BOND - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)

501.8 Kb

TELECOM ARGENTINA B BOND - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)

92.2 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Matias Colombo

POSITION

Gerente Financiero

PHONE NUMBER

(011) 4968-4000

EMAIL

macolombo@teco.com.ar

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

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