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Ericsson borrows USD 370 mln to replace other debt and develop 5G

Friday 22 December 2017 | 11:54 CET | News
Ericsson said that it has signed agreements for credit facilities with the Nordic Investment Bank (NIB) for USD 220 million, maturing in 2023, and AB Svensk Exportkredit (SEK) for USD 150 million, maturing in 2025. It said USD 98 million of these will replace credit with NIB that was due to mature in 2019. The new funds will strengthen its balance sheet and financial flexibility, and will support R&D to develop 5G and other mobile services

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Categories: Mobile & Wireless
Companies: Ericsson
Countries: Sweden / World
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