Movistar Peru Financing for Handsets and Digital Services (IDBI-13022-02)

Countries
  • 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
C
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
Jun 4, 2020
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
Telefonica del Peru S.A.A.
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS May 5, 2020

Disclosed by Bank Apr 28, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed transaction is a facility for the purchase of accounts receivable for up to US$50 million ("Discount Facility" or "the Project") that will be used to discount invoices from Telefonica del Peru S.A.A.'s ("Telefonica del Peru" or "the Company") program to provide individual and corporate clients with financing for the purchase of handsets, communications equipment, and digital telecommunications services. The Discount Facility will be available for up to 48 months, plus 24 months for the collection of accounts receivables purchased by IDB Invest.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

Ximena Gil Hildalgo
Chief of Corporate Sustainability
(+511) 9 419-21846

ximena.gil@telefonica.com

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).