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Three Scandinavian banks loan EUR 60 mln to Telia Lithuania
BC, Vilnius, 24.05.2017.
Print version
Print versionTelia Lietuva, Lithuania's TV, Internet and mobile services provider that is majority owned by Sweden's telecoms group Telia Company, has received a 60-million-euro loan from three Scandinavian banks and will use the money to refinance a loan extended by Telia Company to Omnitel several years ago, reports LETA/BNS.
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Telia Lietuva, which was created through a merger of Omnitel with Teo LT last February, said in a stock exchange release on Wednesday that it had signed a syndicated 60-mln-euro loan agreement with the Swedish-owned Lithuanian bank SEB Bankas, Denmark's Danske Bank and Sweden's Nordea Bank.
The five-year loan was lead-arranged by SEB Bankas and was provided by the lenders in equal parts.
Telia Lietuva said that the 77-mln-euro loan from Telia Company had been used for 4G network development.
Telia Company owns 88.15% of shares in Telia Lietuva, which is quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.
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