Turkey's fixed-line phone operator gets $600 mln-loan

Turk Telekom has signed a 600 million USD three-year loan deal with a consortium of banks, the company said.

Turkey's fixed-line phone operator gets $600 mln-loan

Turkey's largest fixed-line phone operator Turk Telekom has signed a 600 million USD three-year loan deal with a consortium of banks, the company said on Thursday in a regulatory filing.

The consortium of eighteen international and Turkish banks are set to provide the Turkish operator the loan in 110 million USD and 346 million euros with a one-year grace period and a payment due every six months.

Turk Telekom's net profit over the first nine months of 2009 had dropped by 18.5 percent to 1,369 million Turkish liras (nearly 960 million USD).



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Last Mod: 24 Aralık 2009, 16:40
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