Andean Telecom Partners has secured a $170 million loan from a group of lenders led by the Bank of Nova Scotia. The group of banks comprise Scotiabank Chile, Banco de Crédito e Inversiones S.A. (BCI), Banco Internacional (Chile) and Compañía de Seguros Confuturo S.A.
Andean Telecom Partners is a multinational owner, operator and manager of telecommunications infrastructure across Southeast Asia. The telecom company largely specialises in leasing space on towers for operators and other wireless users. The company has a strong presence in Chile, Colombia and Peru.
The Latam telecom industry is exponentially growing with various developments in recent years. More recently, US-based investment fund Digital Colony Management acquired the datacenter operation of UOL Diveo accelerating the industry. With that, the company announced the creation of a new business unit known as Scala Data Centers.
UOL Diveo’s assets are estimated to be worth $1.5 billion. It is reported that the investment fund might establish itself as a leading player in the telecom infrastructure sector in Latin America. Previously, the company had acquired Andean Telecom Partners, Highline and Mexico Tower Partners. Highline had launched Voguel Telecom and a tower company in Argentina.