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Tele2 Secures EUR 800 million in Credit Facility to Strengthen Financial Position

Tele2 Secures EUR 800 million in Credit Facility to Strengthen Financial Position Image Credit: Tele2

Tele2, one of Europe’s fastest growing telecom operators, announced that it has entered into a syndicated multi-currency revolving credit facility agreement amounting to EUR 800 million with 11 relationship banks to further strengthen its financial position and secure a structure of diversified funding sources.

Tele2 boasts 13 million customers in 9 countries, including three key markets - Sweden, the Netherlands and Kazakhstan, offering mobile communication services, fixed broadband and telephony, data network services and content services.

The facility has a tenor of five years with two one-year extension options and replaces the existing revolving credit facility secured in 2012.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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