Exim Bank, the export credit agency of the US federal government, said its board has approved a preliminary commitment for the granting of USD 300 million in credit to support the 5G rollout of Costa Rica’s state-owned operator ICE. Specifically, the bank said the funds are intended for procuring equipment and supporting materials and services from trusted vendors to deploy a 5G network across Costa Rica.
The preliminary approval comes after the board approved a policy clarification in January to support Exim’s 5G domestic export capability, which allows additional flexibilities for the bank’s loans, loan guarantees and insurance to be made available for the purchase of goods and services shipped or invoiced from any country to facilitate US exports for 5G transactions.
In April ICE said it plans to expand into the private 5G networks sector by the end of 2023 and begin mass market commercialisation of 5G services in 2024.
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