Thai mobile carrier Total Access Communications (dtac) has borrowed US$1.33bn to pay for the 3G licence it won at last month’s auction. The telco secured a THB30bn (US$1bn) unsecured credit facility from Bangkok Bank and a THB10bn (US$330m) unsecured…
Thai mobile carrier Total Access Communications (dtac) has borrowed US$1.33bn to pay for the 3G licence it won at last month’s auction.
The telco secured a THB30bn (US$1bn) unsecured credit facility from Bangkok Bank and a THB10bn (US$330m) unsecured term loan from a club of three Japanese banks: The Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, and Sumitomo Mitsui Banking Corporation.
Norton Rose advised dtac on the transaction, which will be used mainly for funding the 3G licence fee, according to an announcement from the law firm today.
Chandler & Thong-ek Law Offices were said to have advised Bangkok Bank and the club of three Japanese banks were reportedly represented by Linklaters.
As TelecomFinance previously reported, three mobile operators including dtac were awarded 15MHz and 2.1GHz spectrum at the 3G auction on 16 October. Dtac reportedly bid between THB13.5bn and THB15.5bn (US$431.7m to US$505.5m).
