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Turkcell Signs $250 Million Loan to Fund Huawei Orders
Published on:
Turkish mobile network operator, Turkcell Group says that it has signed loan agreements with China Development Bank for the potential purchase of Huawei products and services worth up to $250 million.
The loan is for capital investments during 2012 and 2013.
The financing, which is composed of two equal loans with respective tenors of 5 and 7 years, has an all-in cost of approximately libor + 3.00% per annum.
Tags: [turkcell] [china development bank] [huawei] [Turkey]
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