QMC Telecom closes R $ 500 million debt financing for new investments in Brazil
America’s Leader in Advanced Wireless Telecommunications Infrastructure Continues Expansion and Prepares for the Arrival of 5G
SÃO PAULO, June 30, 2021 / PRNewswire / – QMC Telecom International (“QMC”), a leader in wireless infrastructure, indoor systems and specialty cellular networks projects, has increased its credit facilities for new infrastructure investments in Brazil with a 500 million reais public issue of debentures led by Itaú BBA (“Itaú”) as underwriter. This new facility refinances a previous transaction with ING for R $ 150 million in 2018 and consolidates QMC’s position as a long-term player for its clients and business partners.
“Throughout his years of activity in Brazil, QMC has experienced rapid and continuous growth and has differentiated itself in the market for the quality of its services and solutions. This new milestone reflects the excellent work accomplished by our entire team who remain focused on improving connectivity for our customers, ”said Jose stella, co-CEO and co-founder of QMC. “Our strong market position, coupled with our growth trajectory in a dynamic telecommunications sector, has allowed us to more than triple the size of our credit facilities. This represents a vote of confidence for QMC in the Brazilian market and will allow us to accelerate our growth in the country “, added Rafael Somoza, also co-CEO and co-founder of QMC.
With the 500 million reais, QMC plans to help further strengthen the cellular networks of Brazilian operators by investing in infrastructure focused on wireless solutions. QMC’s solutions include bespoke towers, DAS (Distributed Antenna Systems) and Small Cells, in addition to several special neutral host infrastructure projects that are growing in importance in the telecommunications world.
Ricardo Zubieta, Chief Financial Officer of QMC, celebrated the announcement by saying, “We are delighted to add Itaú BBA to our group of lenders in addition to continuing our partnership with ING. We remain committed to investing more and more in the Americas, in particular Brazil, where we see a market with enormous potential and where we are uniquely positioned to serve our customers with our full range of 5G ready infrastructure solutions. “
“At a time when wireless connectivity has become essential in our daily lives and our work, this funding is yet another demonstration of our commitment to provide the best solutions to our customers,” said Caio viggiano, Managing Director of Fixed Income Itaú BBA.
About QMC Telecom International
Founded in San Juan, Puerto Rico in 2008, QMC Telecom International (“QMC”) is an independent multinational owner and operator of wireless infrastructure. The company develops, owns, acquires and manages roofs, macro-sites, indoor DAS and street-level solutions in Brazil, Colombia, Mexico, Peru, United States, and Puerto Rico. QMC is backed by a group of renowned investors including Accel, Housatonic Partners and Santo Domingo Group.
About Itaú BBA
Itaú BBA is Latin America largest corporate investment bank and part of the Itaú Unibanco group, one of the largest financial conglomerates in the world. Itaú BBA serves institutional investors and the group’s most profitable clients. The portfolio includes products and services such as asset management, mergers and acquisitions advice, equity offerings, securitization, derivatives, structured transactions, cash management, financing and guarantees, between other.
Contact: Edouard Miki, [email protected]
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SOURCE QMC Telecom