Company name
Telefónica Celular Paraguay S.A.E.
Project number
15528-01
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
B
Country
Paraguay
Sector
Digital Economy
Status
Approved
Disclosed date
12/18/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/18/2025
Approval date
11/18/2025
Signed date
12/18/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
PYG
Project scope and objective
The proposed financing for Telefónica Celular Paraguay S.A.E. consists of a bond issuance in Paraguay by Telefónica Celular Paraguay S.A.E., for a total amount equivalent in Paraguayan guaraníes (PYG) of up to US$100,000,000. The bonds will be issued simultaneously in two (2) series:
- Series 1: to be subscribed by IDB Invest, for a total amount equivalent in guaraníes (PYG) of up to US$50,000,000; and
- Series 2: to be subscribed by other local investors, for a total amount equivalent in guaraníes (PYG) of at least US$5,000,000 and up to US$50,000,000.
Through this financing, we will support the Company in its strategy to replace part of its current U.S. dollar-denominated debt with long-term financing in local currency, aiming not only to reduce its exposure to exchange rate risk but also to execute its annual investment program, modernize its mobile and fixed network. This transaction will also help the Company deepen its access to the local capital market by expanding and diversifying its base of local currency investors.
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Contact information
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Client Contact
PHONE NUMBER
+ 595 985 123-822
POST OFFICE ADDRESS
Av. Zavalas Cué Esq, Fernando de la Mora 110330, Paraguay
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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.
TIGO PARAGUAY CONECTIVIDAD DE RED - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS)
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TIGO PARAGUAY CONECTIVIDAD DE RED - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS)
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