Phoenix Tower B4

completed

 Phoenix Tower do Brasil (“PTB” or “Phoenix” or the “Company”), an existing IFC investee company, has invited IFC to upsize its senior secured loan exposure from BRL150 million (~US$40 million) to BRL225 million (~US$60 million) to fund the expansion of its operations in Brazil.  Having recently acquired a competitor in Brazil, K2 Towers Brazil, the Company is seeking to “future-proof” its operations to meet the coverage densification requirements for Fourth Generation (“4G”) and future generations through small cells.  The Company is also planning to build new Built-to-Suit (“BTS”) towers to meet the network expansion requirements of mobile network operators in Brazil (the “Project”).  IFC’s interest in the IFC’s interest in the Project is premised not just on supporting the growth of a performing client with a solid operational track-record, but also future-proofing Phoenix for the coverage densification required for the deployment of 4G and future generation networks in Brazil.