Telecom received a new line of credit guaranteed by Canada's official export credit agency, Export Development Canada (EDC), for an amount of up to USD 23,367,200 aimed at acquiring equipment to continue enhancing the country's technology and communications infrastructure and to continue improving the quality of fixed and mobile connectivity services in Argentina.
The loan will finance the company's investment plan, with focus on expanding and strengthening fixed and mobile networks, with 4G in all provincial capitals, large cities in the country, and more than 1800 locations, and greater coverage and broadband capacity.
Telecom Argentina was advised locally by EGFA Abogados, through its partner Ximena Digón and associate Delfina Lynch. JP Morgan participated as the initial bank and was advised locally by Marval O’Farrell Mairal, through partner Sergio Tálamo and associate Ezequiel Guerrero.