QMC Regional Facility (IDBI-12830-02)

Countries
  • Colombia
  • Mexico
  • Peru
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 18, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
QMC Telecom
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Aug 6, 2021


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Project Description

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.

Investment Description
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - QMC Telecom International Holdings LLC Investor Communications

Contact Information


For questions about the Project please contact to:

Name:                  Ricardo Zubieta

Title:                     CFO

Telephone:          +1-917-796-6437

E-mail:                  rzubieta@qmctelecom.com

 

For questions and comments to IDB Invest, please contact:

Name:               IDB Invest Communication Group

E-mail:              requestinformation@idbinvest.org

 

In addition, affected communities can access IDB Invest’s Independent Consultation and Investigation Mechanism (ICIM) as follows:

Telephone:        +1 (202) 623-3952

Fax number:      +1 (202) 312-4057

Address:             1300 New York Ave. NW Washington, DC. USA. 20577

E-mail:               mecanismo@iadb.org or MICI@iadb.org