CABEI approves US$40 million to strengthen telecommunications system

Cancún, Quintana Roo, México, October 25, 2023.- In order to strengthen and modernize Argentina's telecommunications infrastructure, the Central American Bank for Economic Integration (CABEI) approved financing of up to US$40 million for the execution of the "Program to Strengthen the National System for Technical Verification of Emissions (SNCTE)".

The initiative will be implemented under the leadership of the National Cabinet of Ministers and will benefit more than 45 million people by improving the quality of telecommunications, expanding access to essential services, boosting economic development and reinforcing security in emergency situations. This will be achieved through the modernization and expansion of the National System of Technical Verification of Emissions (SNCTE), under the administration of the National Communications Entity (ENACOM).

Investments include the construction of two new Technical Emission Verification Centers (CCTE) and the improvement, updating and expansion of six existing ones, including remote stations, mobile stations and laboratories, as well as the acquisition of new basic and specialized radio equipment.

The Program also contemplates the professional training of ENACOM's operating personnel and the provision of specialized technical advice to guarantee the viability and technical adequacy of the investments. The main objective is to enable this institution to manage, regulate and supervise in a more efficient and reliable manner the use and exploitation of the Argentine radio electric spectrum.

CABEI recognizes the importance of this initiative, which will not only boost the country's development, but also strengthen its position in the digital era, which in turn translates into a promising future for all Argentines by providing access to high-quality communication and a more secure environment.

The financing terms are established for a 20-year term, including a 5-year grace period and a competitive interest rate.