IDB Invest finances Ecuadorian telecoms project
IDB Invest has agreed an $80 million loan to Phoenix Tower International (PTI) to foster the independent market for telecommunications infrastructure in Ecuador and promote a more efficient development of this sector in the country.
PTI Ecuador's shared digital infrastructure model will increase mobile broadband coverage and capacity to different mobile network operators in the country. This increase is especially relevant in the context of the crisis caused by COVID-19, as wireless broadband networks are experiencing a significant increase in digital data consumption and users require reliable systems - such as telecommuting, telemedicine, and online classes - due to social distancing measures.
The transaction will help consolidate a business model based on the shared use of telecommunications towers in the Ecuadorian market.
