$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. "

The Guatemalan company has a presence in every country in the isthmus, installing towers in spaces rented from municipalities (lighting, security cameras), and for telecommunications, especially mobile operators.

More on this topic

The Monopoly on Cell Phones is Hard to Crack ...

September 2011

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.

Prior to that date, the Instituto Costarricense de Electricidad (ICE) had no trouble installing the towers, but now the Directorate General of Civil Aviation (DGCA) has decided to adhere to international standards and make everyone endure the the red tape required for granting installation permits.

Bureaucracy for Cell Towers takes 165 days

August 2012

The technology installed in the towers is from the 21st Century. The bureaucracy that is authorizing them is from the 19th century.

The progress of communications is getting slower in Costa Rica, with cell phone companies unable to meet the deadlines for achieving the necessary territorial coverage, because municipalities are taking up to 5 ½ months to give permission for each tower.

Movistar Expands Coverage in Guatemala

September 2011

The phone company will invest in the installation of 200 transmission antennas to expand its coverage in the country.

The new antennas will join the thousands that the company has already installed, said Telefonica Moviles’ deputy director of Technology Operations and Systems, Luis Eduardo Durán.

Ruling Against Municipalities Over Cell Towers

August 2013

Costa Rica's Administrative Court has ruled against several municipalities for excessive restrictions on installing mobile communication towers.

The companies Alta Vista Towers S. A., Costa Pacífico Torres Ltda and Claro Costa Rica sued the emunicipalities of Santa Ana and Montes de Oca because of prohibitions on the placement of cell towers.

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