Vodafone provides GBP 4 mln loan to Outsourcery

Friday 10 July 2015 | 10:51 CET | News
UK cloud services provider Outsourcery has agreed an amortising term loan with Vodafone Group Services. Under the agreement, Vodafone will provide Outsourcery with a GBP 4 million term loan for the 48 months ending June 2019. The principal loan repayments will be spread equally over the 12 quarterly periods from year 2 onwards. As part of the facility, Vodafone will be granted a warrant over 3,000,000 new ordinary shares at 30p per share. Jeni Mundy, Director, Product Management, Vodafone Group Enterprise, said that its strategy partnership with Outsourcery was key to its unified

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Categories: Mobile & Wireless
Companies: Outsourcery / Vodafone / Vodafone Group
Countries: United Kingdom
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