TP to sign financing agreement with France Telecom

News General Poland 2 MRT 2013
TP to sign financing agreement with France Telecom
Telekomunikacja Polska's (TP) supervisory board has authorised plans to sign a financing agreement this year with 49.79 percent shareholder France Telecom to optimise its financial costs. TP said it will decrease the proportion of funding from external partners as it addresses its future funding requirements. TP has a EUR 400 million credit line maturing this year, including a PLN 900 million EIB credit line. The Polish operator said it will also enter into an agreement with France Telecom to consolidate excess cash on its bank accounts. The terms of the funding and cash consolidation will be set on an "arm's length" basis taking financial market conditions into account.

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General

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France Telecom,  Telekomunikacja Polska

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Poland

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Voice services, Data services, Wireline, Wireless, Internet Access, Financial funding

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