Torrecom raises $140M debt package, doubling its 2023 loan for Latam towers
What's the deal? Torrecom Partners has secured a $140 million debt financing package led by IDB InvestDealroom has a profile for this one. Try Dealroom → to expand its telecoms tower portfolio across Latin America. The deal, announced in July 2026, includes DEG, ProparcoDealroom has a profile for this one. Try Dealroom →, Allianz Credit Emerging Markets Fund, ILX Fund, and BAC.
Step-up: The package is double the $70 million loan Torrecom secured in 2023, which was backed by IDB Invest, Proparco, and DEG. The latest round widens that lender base to five international investors spanning development finance institutions, funds, and commercial banks.
What's the endgame? Founded in 2010, Torrecom owns and operates more than 1,700 wireless infrastructure sites. The financing will grow that portfolio to over 2,550 towers across Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, and Peru.
Why now? IDB Invest says the funding will improve network efficiency by promoting tower co-location and supporting 5G deployment. It expects the expansion to cut costs and free mobile operators to focus investment on core network upgrades.
"We see significant opportunities to extend infrastructure into markets where demand for connectivity continues to grow," said Torrecom chief executive officer Maria Scotti.
The signal: Development finance institutions are anchoring debt for Latin American digital infrastructure, using shared-tower models to stretch connectivity into underserved markets. "Expanding access to robust digital infrastructure is key to driving productivity," said Ilan Goldfajn, president of the IDB Group.
Read more: DatacenterDynamics
Image credit: Generated with Gemini
