QMC Telecom Secures $115 Million in Credit Facilities to Expand 5G Infrastructure
Summary
QMC Telecom International Holdings LLC, a leading digital wireless infrastructure growth platform in Latin America, has recently announced the successful closing of two credit facilities totaling $115 million. The senior loans, with a 2-year delayed draw component and a total tenor of 9 years, will support QMCs infrastructure investments in Mexico, Colombia, and Peru.QMCs CEO, Rafael Somoza, expressed his excitement about the financing, stating that it provides the necessary flexibility for the company to continue growing its digital wireless infrastructure platform in Latin America. QMCs Chief Financial Officer, Ricardo Zubieta, expressed his delight in welcoming the new investors and continuing the partnership with IDB Invest.QMC Telecom International Holdings LLC was founded in 2011 and operates in Brazil, Colombia, Mexico, Peru, and Chile. The partnership with Deutsche Bank highlights the financial institutions confidence in QMCs growth and capital allocation strategies.QMC has also signed a multi-country and multi-currency facility with IDB Invest and Proparco. Expansion opportunities: The availability of additional funds enables QMC to expand its presence in Latin America and contribute to bridging the digital gap in the region.2.