Everything Everywhere to repay loans to parents - report

Monday 14 November 2011 | 11:04 CET | News
Everything Everywhere plans to pay back GBP 875 million of loans to parent companies Deutsche Telekom and France Telecom as it looks to become a fully independent business, reports the Financial Times. According to bankers close to the process, the mobile phone group will repay its parents using funds from a borrowing facility arranged with seven banks. They added that it would also use the banks to tap the bond market in 2012 to raise up to GBP 800 million for future corporate investment.

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Everything Everywhere / France Telecom
Countries: United Kingdom
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