Turk Telekom has signed a US$100m loan agreement with the Commercial Bank of Qatar.
The three-year loan will have an annual interest rate of Libor + 2.75%, according to a short company stock exchange filing.
The Istanbul-based telco has already secured…
Turk Telekom has signed a US$100m loan agreement with the Commercial Bank of Qatar.
The three-year loan will have an annual interest rate of Libor + 2.75%, according to a short company stock exchange filing.
The Istanbul-based telco has already secured two other loans this year: a €300m three-and-a-half year loan with Emirates NBD Bank and a US$150m nine-year loan with BNP Paribas, ING and JP Morgan.
Turk Telekom reported revenues for Q1 2013 of TL3.1bn (US$1.6bn), up 6% year-on-year. Group EBITDA stood at TL1.1 (US$583.5m). Net debt for the quarter stood at TL6.52bn (US$3.5bn).
