Company name

Torrecom GP LLC and Torrecom Partners LP (“Torrecom”)

Project number

RG3879A-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
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B

Country

Regional

Sector

Telecommunications, Media and Technology

Status

In implementation

Disclosed date

07/03/2014

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

Projected board date
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08/05/2014

Approval date

08/05/2014

Signed date

02/02/2015

Sponsoring entity

N/A

Team leader

Martinez Gama, Carlos

Investment type

Financing requested

N/A

Syndicated amount

USD $ 4,000,000

Financing amount

USD $ 4,000,000

Currency

USD

Project scope and objective

Torrecom is a company that provides telecommunications services, primarily the construction of cell towers and their leasing to operators in Latin America and the Caribbean.

The proceeds from the issue of Class A3 shares will be used to expand company activities, including the financing of cell tower design and construction and other general uses, such as working capital and the funding of operations.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices