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Latin America & the Caribbean

Avantel: Expanding access to telecommunications in Colombia

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Country: Colombia
Sector: Telecommunications

Challenge: Limited access to telecommunications services

Solution: In 2014, OPIC committed $140 million in financing to a project deploying a wireless broadband (4G LTE) and fiber-optic network in Colombia

Impact: In addition to improving internet connectivity for small and medium sized businesses and government agencies, the project is helping to foster increased competition in Colombia’s telecom sector and creating hundreds of professional local jobs.

This project was profiled in 2015