IDB Invest Supports Atis Group to Expand Shared Telecom Tower Infrastructure in the Southern Cone

WASHINGTON - IDB Invest will provide an equity investment of up to $10 million in Atis Group Latam LLC (Atis), the only independent telecom tower operator in the Southern Cone. The investment will support the expansion and optimization of shared telecom infrastructure, enabling mobile network operators to extend coverage and improve service quality in Argentina, Paraguay, and Uruguay.

Atis owns and operates more than 1000 telecom tower sites across the three countries, serving all leading mobile network operators in each market under long-term master lease agreements. The project will finance the construction of new towers - primarily under build-to-suit agreements - as well as the increased use of existing sites through tower sharing. This model allows multiple operators to use the same infrastructure, improving efficiency while reducing asset duplication.

"Expanding digital infrastructure requires long-term capital and innovative business models. Atis' shared tower platform enables more efficient network deployment while helping mobile operators extend coverage and improve service quality. Through this investment, IDB Invest is supporting critical infrastructure that strengthens connectivity, productivity, and economic opportunity across the Southern Cone," said Guillermo Foscarini, Managing Director and Division Chief of Corporates, IDB Invest.

By expanding mobile network capacity and improving telecom infrastructure efficiency, the project will help address persistent connectivity gaps. Strengthening digital infrastructure is critical to supporting economic activity, expanding access to digital services, and meeting the growing demand for data-intensive applications, thereby contributing to greater competitiveness and productivity across the region.

IDB Invest's participation takes the form of a minority equity investment in Atis, supporting the company's multi-country growth strategy. The investment structure provides long-term risk capital aligned with the development needs of critical telecommunications infrastructure across multiple markets in the Southern Cone.

Beyond financing, IDB Invest will support the project through the implementation of environmental, social, and governance standards, including enhanced management systems, worker and community safety practices, and strong corporate governance. These measures are expected to reinforce transparency, operational resilience, and the long-term sustainability of Atis' regional platform.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Atis

Atis Group is the Southern Cone's only independent telecom tower platform, owning and operating more than 1,000 tower sites across Argentina, Uruguay, and Paraguay. As a neutral, carrier-agnostic infrastructure provider, Atis serves all leading mobile network operators in each of its markets under long-term agreements - enabling faster network deployment, improved coverage, and greater efficiency across the region. Founded in 2016 and scaled over a decade across three markets, Atis combines institutional-scale operations with deep local expertise across three distinct regulatory environments. Atis is well-positioned to continue expanding its infrastructure footprint across the Southern Cone and capturing the growing demand driven by 5G deployment.