Investment

IDB Invest supports digital infrastructure expansion in Latin America

Quito, Ecuador. Photo: Martha Smith

Multilateral development bank IDB Invest says it has led a US$140 million financing package for Torrecom Partners, a US-based leading independent telecom tower operator in Latin America, to support the expansion of digital infrastructure, connectivity and competitiveness across the region.

The project will expand Torrecom’s portfolio to more than 2,550 towers in Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay and Peru, enhancing regional connectivity infrastructure.

The US$140 million long-term financing package, led and arranged by IDB Invest, includes five international investors comprising development finance institutions, funds and commercial banks.

This initiative will improve network efficiency by promoting tower co-location and supporting the deployment of next-generation technologies such as 5G. By fostering infrastructure sharing, the project is expected to reduce costs, optimise resource use, and enable mobile network operators to focus investment on core network upgrades.

Maria Scotti, CEO of Torrecom, explains: “At Torrecom, we are committed to expanding the wireless infrastructure needed to strengthen connectivity and support the continued growth of digital services across Latin America. We see significant opportunities to extend infrastructure into markets where demand for connectivity continues to grow, and we look forward to working with IDB Invest to assist in advancing more accessible infrastructure in the region.” 

Latin America has made significant progress in mobile broadband coverage, with 4G reaching more than 90% in most countries. However, 5G adoption remains below 15%, highlighting the need for continued investment to sustain competitiveness.

Beyond financing, IDB Invest says it will provide advisory support to Torrecom to enhance its Social Engagement Plan, which is described as a framework to build positive relationships with local communities while expanding telecom towers in Latin America.



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