Telenor gets $1.2bn loan for Indian venture, avoids rights issue
Telenor, the Norwegian telecoms group, has secured a Nkr8bn ($1.16bn) three year term loan to support its acquisition of a 60% stake in India’s Unitech Wireless. The announcement today (Tuesday) follows months of deliberating by the borrower over how to fund its $1.07bn purchase.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
