0
Wireless

OTE concludes EUR 300 mln financing package with EIB

Tuesday 11 July 2017 | 06:47 CET | News
OTE announced that Cosmote, 100 percent subsidiary of OTE, entered into a EUR 150 million bilateral term loan with the European Investment Bank (EIB) and an agreement with the European Bank for Reconstruction and Development (EBRD) to raise a further EUR 150 million as a syndicated facility. OTE will use the funds to provide additional liquidity for Cosmote's mobile broadband network coverage and capacity expansion investments in Greece.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Cosmote / OTE
Countries: Greece
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

OTE fined EUR 6.3 million for regulatory, competition violations

Published 25 Sep 2017 16:56 CET | Greece
Greek telecommunications authority EETT announced a EUR 6.3 million fine against OTE following an investigation into complaints ...

OTE revenues down 1.7% in Q2, but EBITDA improves

Published 03 Aug 2017 10:23 CET | Greece
Greek operator OTE saw its revenues fall back to negative growth in Q2, but EBITDA improved year-on-year as the mobile market ...

OTE invests EUR 2 bln in new networks in last 6 years

Published 26 Jul 2017 17:46 CET | Greece
OTE invested over EUR 2 billion in new generation networks in Greece over the last 6 years and another EUR 1.5 billion will be ...

OTE revenues up 0.1% in Q1 to EUR 929 mln

Published 11 May 2017 10:03 CET | Greece
OTE Group's revenues totaled EUR 929.0 million in Q1, up 0.1 percent, driven by growth in both Greek and Romanian fixed revenues, ...

OTE increases investments to EUR 1.5 bln until 2020

Published 06 Feb 2017 07:56 CET | Greece
OTE increased its investments for the 2017-2020 period by EUR 200 million to EUR 1.5 billion for the development of fixed ...

OTE receives EBRD-led EUR 389 mln syndicated facility

Published 14 Sep 2016 12:20 CET | Greece
OTE entered into an agreement with the European Bank for Reconstruction and Development (EBRD) to raise EUR 339 million as a ...

Forthnet agrees refinancing with banks

Published 22 Jun 2016 10:24 CET | Greece
Greek operator Forthnet announced that its board has approved a new refinancing. The company agreed with a consortium of banks to ...