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Bridging the digital gap in Mexico
Project
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Signature date
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Location
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Mexico
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Financing tool
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Financing amount (Euro)
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24034352
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Financing details
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USD 16,000,000 loan + and MXN 166,578,000 counter-guarantee for IDB Invest (under the same QMC financing)
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Customer
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COUBICACIONES Y NEGOCIACIONES EXCLUSIVAS, S.A.P.I. / UNW SOLUCIONES, S.A.P.I. DE C.V. / INMOBILIARIA COVALENTE, S.A. DE C.V. / CONEX TELECOM, S.A. DE C.V. / QMC TELECOMUNICACIONES DE MEXICO, S.A. DE C.V. / QMC DAS MÉXICO, S.A.P.I. DE C.V. / QUEST TELECOM
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Type of customer
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Company
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Country of headquarters
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Mexico
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Project number
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PMX1029
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Environmental and social ranking
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B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is helping to build greater digital inclusion in Mexico through the investments planned by QMC in its infrastructure.
Client presentation
Founded in San Juan, Puerto Rico, in 2011, QMC is an independent multinational owner and operator of mobile wireless infrastructure. The company develops, owns, acquires, and manages rooftops, macro sites, indoor DAS, and Street Level Solutions in Brazil, Chile, Colombia, Mexico and Peru. Internationally renowned investors back QMC in partnership with management, including Accel Partners, Housatonic Partners, Quadrant Capital Advisors, and TTCER Partners.
Project description
Proparco's financing to QMC will be used to fund Capital Expenditure (“CAPEX”) and other associated costs to build, acquire, maintain, and lease mobile wireless infrastructure in Mexico.
Project impact
By developing neutral, open and pooled infrastructure, QMC is offering more accessible and affordable digital services in Latin America. It is thus helping to bridge the digital gap in the region.
This financing is expected to contribute to creating or maintaining 1,405 jobs in the long run.
The financing will thus contribute to SDG 8 (Decent work and economic growth).