PROJECT

Projects

Summary of Investment Information

Project Number

36722

Company Name

PHOENIX TOWERS PARTICIPACOES S.A.

Date SPI Disclosed

Feb 5, 2016

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Apr 15, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

TMT, Venture Capital & Funds

Industry

Telecommunications and Technology

Previous Events

Approved : May 25, 2016
Signed : Jun 20, 2016
Invested : Jul 21, 2016

Sector

Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)

Project Description

Phoenix Tower do Brasil (“PTB”) is an independent wireless infrastructure operator based in Brazil. PTB is an affiliate of Phoenix Tower International, headquartered in the United States of America and with existing operations across several countries in Latin America. PTI’s strategy and business plan is to own and operate strategic wireless infrastructure in those markets, which are characterized by strong wireless growth, strong underlying real estate rights, while leasing those towers to multi-national and investment grade mobile network operators, which face significant capital expenditure needs in order to enhance and grow their wireless networks.

PTB is seeking IFC debt financing of up to US$20 million on own account. The debt investment will support PTB to fund the acquisition and build to suit construction program of tower assets in Brazil, accelerating the growth of its footprint in Brazil (the "Project”).

Associated Advisory Engagement

No associated advisory services engagement.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation