Spanish incumbent Telefonica secured a US$375.8m loan last month to finance the acquisition of 2G and 3G equipment from European vendor NSN over two years.
Societe Generale (SG) and Banco Bilbao Vizcaya Argentina (BBVA) acted as lead arrangers for the…
Spanish incumbent Telefonica secured a US$375.8m loan last month to finance the acquisition of 2G and 3G equipment from European vendor NSN over two years.
Societe Generale (SG) and Banco Bilbao Vizcaya Argentina (BBVA) acted as lead arrangers for the loan, with SG acting as facility agent.
The facility, which matures in November 2019, was agreed on 3 May but publicly announced on 9 June.
It is guaranteed by Finnish Export Credit Agency Finnvera, enabling the loan to benefit from a competitive fixed rate, which was not disclosed.
Telefonica was unable to comment before the press deadline.
