$120 million in Financing for Cell Towers
The Guatemalan company Continental Towers will receive funding from the International Finance Corporation to build and maintain cell towers in Central America.
Wednesday, July 11, 2012
According to an article in Elperiodico.com.gt, "The IFC's investment includes a loan of $40 million and a syndicated loan of $80 million with Banco HSBC Panamá, Banco General de Panamá, the Dutch Entrepreneurial Development Bank (FMO) and the Inter American Corporation for Infrastructure Financing. "
Since November 2010 installing a cell phone tower within 15 kilometers of a Costa Rican airport has required a detailed analysis and authorisation by the Civil Aviation Authority.
The technology installed in the towers is from the 21st Century. The bureaucracy that is authorizing them is from the 19th century.
The phone company will invest in the installation of 200 transmission antennas to expand its coverage in the country.
Costa Rica's Administrative Court has ruled against several municipalities for excessive restrictions on installing mobile communication towers.
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