Telecoms infrastructure company Torrecom has secured a $140 million financing package from IDB to support its digital infrastructure expansion across Latin America.
The funding will support Latam-focused Torrecom's expansion across the region to more than 2,550 towers in Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, and Peru.
A cell tower in Chile – Getty Images
This financing builds on a $70m loan agreement Torrecom secured in 2023 via three Development Finance Institutions (DFIs): IDB Invest, Proparco, and DEG.
The latest financing package has been led by IDB Invest and includes five international investors comprising development finance institutions, funds and commercial banks: DEG, Proparco, Allianz Credit Emerging Markets Fund, ILX Fund, and BAC.
