Innova & Goldman Sachs form JV to invest in Colombia towers

Private equity group Innova Capital and a subsidiary of Goldman Sachs have announced a joint venture to provide funding to Colombian mobile infrastructure developer Golden Comunicaciones and support the development of telecommunication assets throughout the country.

Golden is a member of the Innova Latin American development programme and the financing will be used for the construction of mobile phone towers in the region.

“The investment made by Goldman Sachs and Innova will enable us to reduce the digital divide that exists in our country and undoubtedly will enable us to improve our current network infrastructure,” said Golden CEO Herman Torres.

Based in Bogota, Golden was founded in 2013 by industry veterans with experience in the development, design, construction and operation of telecommunication infrastructure. The company owns and operates towers and other wireless infrastructure and related sites in Colombia.

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