Phoenix Tower B2 (IFC-39576)

  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
The holder of the loan, grant, or other investment.
  • Communications
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 13.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
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 @ IFC website

Updated in EWS Nov 2, 2019

Disclosed by Bank May 12, 2017

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Project Description

Project Description

Phoenix Tower Participações S.A. (“PTB” or the “company”) plans to build 750 telecommunication towers by December 2018 in its ongoing strategy to own and operate strategic wireless infrastructure in Brazil.
IFC has an existing investment of $26 million equivalent in an A loan to PTB, which has helped to finance PTB’s consolidation of its acquisition of more than 500 towers in 2015 from T4U Holding Brasil, S.A. and to construct another 240 towers in 2016 for telecommunications operators in Brazil. E&S performance under IFC’s existing investment (#36722, see Environmental and Social Review Summary at has been satisfactory.

Overview of IFC's Scope of Review

The review of this proposed investment consisted of a visit by IFC staff to the head office of PTB in Sao Paolo in March 2017; a site supervision visit at the head office and several operational sites by an IFC environmental and social (“E&S”) specialist in November 2016; review of an E&S monitoring report submitted to IFC by PTB covering its environmental and social (“E&S”) performance over the calendar of 2016; and review of answers provided to E&S due diligence questionnaire.

Investment Description

For this purpose, IFC is considering the provision of an A loan of up to $13 million equivalent to PTB.

Contact Information


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