Turkcell Signs $250 Million Loan to Fund Huawei Orders

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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.

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Tags: turkcell  china development bank  huawei  Turkey 

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