PROJECT

Projects

Summary of Investment Information

Project Number

27118

Company Name

Otecel S.A.

Date SPI Disclosed

Dec 24, 2015

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Jan 25, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 3, 2021

Department

Gbl Infrastructure & Natural Resources

Industry

Telecommunications and Technology

Previous Events

Approved : Feb 5, 2016
Signed : Feb 10, 2016
Invested : Feb 12, 2016

Sector

Mobile Telephony

Project Description

Founded in 1994, Otecel S.A. (“the Company” or “Otecel”) is an existing mobile network operator active in Ecuador. The proceeds of this financing will go towards the payment of a new mobile license to provide 4G/LTE services in Ecuador, but also towards supporting the Company’s capex program.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation