According to the bank website, the project consists of up to US$ 27.7 million loan from IFC, part of a syndicated debt facility of up to US$ 76.5 million arranged by IFC for CREI Phils, an independent tower company and Telecom Energy Service Company (“TESCO”) in the Philippines. The project is expected to support the much needed growth of mobile telecom services in the Philippines, delivering both growth in coverage and improvements in service quality.
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