Tuesday, 06 December 2016

Telefonica gets World Bank loan to pay for spectrum in Ecuador

By Mary Lennighan, Total Telecom
Tuesday 01 March 16

IFC grants Spanish telco's local unit a $75 million loan to pay second instalment of spectrum fee and expand mobile broadband services.

Telefonica's Ecuadorian unit has brokered a loan deal worth US$75 million with the World Bank's private sector arm that will amongst other things enable it make its next payment for 4G spectrum won last year. The International Finance Corporation (IFC) announced on Monday that the loan will also help Otecel…

Telefonica's Ecuadorian unit has brokered a loan deal worth US$75 million with the World Bank's private sector arm that will amongst other things enable it make its next payment for 4G spectrum won last year. The International Finance Corporation (IFC) announced on Monday that the loan will also help Otecel…

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