20 June 2018
| James Pearce
QMC Telecom has struck a R$150MM (£30m) loan and credit facility which it will invest in tower infrastructure
QMC Telecom, an independent owner
and operator of wireless communications infrastructure in Latin
America, has announced the closing of a R$150MM delayed draw
credit facility and term loan between two of its Brazilian
operating subsidiaries, and ING Bank N.V., Filial de Sao
Paulo. The credit facility provides QMC with additional
financing for new tower development and related acquisitions
across the country.
QMC, which is attending this year’s Mexico
Connect conference in Mexico City, develops, owns, acquires and
manages rooftops, macro sites and DAS solutions in Brazil,
Colombia, Puerto Rico and Mexico – operating under the
names QMC Mexico and Conex in the latter.
"The closing of this groundbreaking facility in Brazil is a
testament to the strong platform our management team has built
over the years," stated Jose Stella QMC's Co-CEO and founder.
"ING has a strong global presence in the tower industry and we
are thrilled to be partnering with them as we continue to serve
our clients in Brazil and expand our installed tower base,"
adds Rafael Somoza, also a QMC co-CEO and founder.
"Latin America is the midst of building a wireless
infrastructure designed to meet the needs of the next
generation of communications and technology. QMC is on the
forefront of this development through its installation of new
towers across Brazil and Latin America," said Valtin Gallani,
Director, ING. "QMC's management team has built a unique growth
platform with an impressive investor base, and we are proud to
be partnered with them to extend these efforts.".