06 December 2021

IDB Invest has granted a senior credit line of US$45m to the subsidiaries of QMC Telecom International Holdings in Mexico, Colombia and Peru – a 10-year transaction to improve the quality and efficiency of wireless broadband services in the countries.

Lockdown and social distancing measures have made broadband connectivity essential for most social and economic activities, including work, education, and healthcare.

Mobile data traffic was already expected to increase considerably by 2025, but the pandemic has significantly accelerated data traffic with increased adoption of digital services.

QMC Telecom said it expects to significantly increase its portfolio of towers, distributed antenna systems and street-level solutions in Mexico, Colombia and Peru as all of these countries prepare for 5G spectrum deployments and the required network densification that will follow. In Colombia, the new financing will allow QMC Telecom to support national deployments by operators of the recently auctioned 700MHz spectrum, including those in communities that currently do not have cellular coverage.

“Our partnership with IDB Invest underscores QMC Telecom’s commitment to corporate citizenship, sustainability and diversity in the communities it serves,” said Ricardo Zubieta, CFO of QMC.