Clifford Chance Advises on $50M Metrotel Fiber Expansion in Argentina. 

Clifford Chance has advised IDB Invest on a $50 million secured A/B loan to C.P.S. Comunicaciones S.A.U. (Metrotel), supporting the expansion of fiber optic infrastructure across Argentina.

The financing, which includes the participation of Itaú Unibanco, is expected to significantly improve access to high-speed telecommunications services nationwide.

The first disbursement took place in February 2025, marking a milestone in Metrotel’s broader mission to enhance digital connectivity throughout Argentina. 

"This initiative aims to improve the country's telecommunications infrastructure, which is a fundamental step in Argentina's digital transformation and economic development," said Sebastián Bardengo, CEO of Metrotel.

The company plans to extend its fiber network to underserved communities, offering more reliable internet to both businesses and consumers.

The deal is backed by a set of guarantees from Argentine and cross-border guarantors. Citibank N.A. and its Argentine branch are acting as collateral agents, overseeing offshore and onshore security, respectively.

Clifford Chance’s team on the transaction was led by partner Jessia Springsteen, with support from law clerk Daniela Hernandez and associate Phil Reens.

The financing highlights rising investor confidence in Argentina’s telecom and technology sectors and reflects the ongoing role of international law firms and multilateral banks in advancing infrastructure across Latin America. 

Metrotel is an Argentine telecommunications company that has been providing services to leading businesses in the country for over 30 years. The company offers a range of solutions, including dedicated internet, data links, cloud services, and telephony. With a robust infrastructure, Metrotel operates an extensive fiber optic network spanning more than 8,000 kilometers across major metropolitan areas such as Buenos Aires, Córdoba, Rosario, and Neuquén. Committed to innovation and customer satisfaction, Metrotel delivers scalable and reliable services tailored to the needs of various business

Clifford Chance is a global law firm with over a century of history and a presence in 23 countries through 34 offices. A member of the prestigious Magic Circle, the firm is recognized for its deep expertise in banking, corporate law, finance, dispute resolution, and tax. It advises a broad spectrum of clients, including multinational corporations, financial institutions, governments, and not-for-profits by combining international best practices with local market insight. Known for its collaborative culture and forward-thinking approach, Clifford Chance delivers innovative, high-quality legal solutions across every major industry and sector.

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