EGFA Abogados advises Telecom Argentina in a US$300 million loan granted by IDB.

Inter-American Investment Corporation (IDB Invest)and  the Inter-American Development Bank (IADB) granted Telecom Argentina a credit facility for an amount of up to US$300 million.

The transaction was closed on May 29, 2019, and the proceedswill be used to finance Telecom’s working capital and cover financial needs related to the deployment of its 4G mobile network and further expansion of its fixed broadband service.