Phoenix Tower B2 (IFC-39576)

  • Brazil
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 13.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

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

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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