Skip to main content

Company name

CPS Comunicaciones, S.A.U.

Project number

14206-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
tooltip

B

Country

Argentina

Sector

Digital Economy

Status

Hold

Disclosed date

10/31/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

05/05/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 35,000,000

Currency

USD

Project scope and objective

DB Invest considers providing a loan of up to US$35 million to C.P.S. Comunicaciones S.A.U. (“Metrotel” or the “Company”). Proceeds will be used to: (i) finance Metrotel’s fiber infrastructure deployment and other capital expenditure to expand and maintain its operations in Argentina; and (ii) refinance existing debt. The main objective of the project is to increase availability of high-quality fixed broadband services by supporting Metrotel’s growth plan.  

 

Metrotel is an independent fiber operator in the country with a network comprising 6,400 km of high-quality metro fiber. The Company provides broadband connectivity, internet access and other ancillary services to more than 9,000 corporate customers. It is also developing a neutral Fiber-to-the-Home network, which can be used by multiple internet service providers in Buenos Aires Metropolitan Area and Greater Buenos Aires.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

METROTEL ARGENTINA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

297.0 Kb

METROTEL ARGENTINA -ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

iperez@metrotel.com.ar

PHONE NUMBER

+54-11-6091-1000

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .