Tele2 has signed a five-year €800m (US$868m) multi-currency revolving credit facility with a syndicate of 11 relationship banks.
Tele2 (STO:TEL2) has signed a five-year €800m (US$868m) multi-currency revolving credit facility with a syndicate of 11 relationship banks.
The facility includes two one-year extension options, and replaces another RCF signed in May 2012.
The Swedish operator has yet to draw funds from the new RCF.
The company’s other debt facilities comprise domestic commercial paper, a euro medium-term note (EMTN) programmme and domestic bonds.
Last year, Tele2 launched a 4G network in the Netherlands, agreed a mobile joint venture in Kazakhstan and welcomed a new CEO, Alison Kirkby.
Tele2 is 30% owned by Swedish investment firm Kinnevik, which also owns 38% of Millicom.
