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Vodafone Iceland parent Syn negotiates sale and lease-back of infrastructure

Monday 26 October 2020 | 09:37 CET | News
Vodafone Iceland owner Syn said it has reached an agreement with foreign investors on private negotiations and the main terms for a potential sale and leaseback of passive mobile phone infrastructure. The transaction would strengthen Syn's balance sheet and might yield a capital gain of over ISK 6 billion. Syn would then sign a 20-year lease-back agreement to ensure its continued access to the infrastructure.

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Categories: Mobile & Wireless
Companies: Vodafone Iceland
Countries: Iceland
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