Telecom Arg 2022

completed

The proposed investment consists of a financial package to Telecom Argentina S.A. (the “Company”) for an aggregate amount of up to US$202 million (“m”), comprising (i) an A loan, for IFC’s own account, in an amount of up to US$50m; (ii) a B loan, for the account of the participants, in an amount of up to US$148m; and (iii) an overlay interest rate swap for a loan equivalent exposure of up to US$4m. The purpose of the investment is to fund the expansion of the Company’s 4G mobile and FTTP/B (fiber-to-the-premise/block) fixed broadband coverage, and to upgrade the existing network’s capacity, speed and energy efficiency (the “Project”).