Telecom lands loan from China

Telecom lands loan from China

Debt Corporate & Sovereign Strategy Loans Telecoms Argentina China Latin America

Telecom Argentina said Thursday that it has reached an agreement with China Development Bank (CDB) for a $100 million credit line to finance the purchase of telecommunications equipment, as the company returns to borrowing following two refinancing deals. The company said the credit line from the Shenzhen branch of the bank could be increased to a maximum of $200 million, according to a securities filing. The decision to take out the credit line comes after the company took steps to reduce its n

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