« Home | Game Over: New CEO for Massive » | Nasdaq DayTraders Back in Force » | Hot on Teens: Hearst Ties the Knot with eCrush.com... » | Goldman Sachs Cuts Oil: Draws Protest from Angry U... » | A Cool $20 Billion: 2007 Market Size for Online Ad... » | Just $25 for eBay So Says Piper Jaffray » | Aardvark Turns 110 Years Old » | Goldman Sachs Wins Again - M&A League Table 2006 » | No More Starving Bankers - Banks Get $10 Billion P... » | Restart : Amaranth Founder Looks for Second Chance... »

January 10, 2007

We're Justing Looking For $3 Billion

posted by MR WAVETHEORY at 1/10/2007 11:01:00 AM
Turkish mobile operator Turkcell has mandated a group of banks to arrange a USD 3 billion financing line for the company. The lead arrangers Akbank, Citibank, Garanti Bankasi, HSBC, JP Morgan and Standard Bank will set up an unsecured syndicated financing through a committed facility amounting to USD 3 billion. Turkcell plans to use the financing for international expansion, although it did not name potential targets. Most recently the company said it plans to bid for a licence in Saudi Arabia and invest more in its Ukrainian subsidiary. Money is in no short supply in the Middle East! To which Vodafone responded, "We'll invest 1 billion dollars in 2 years." And so the telecom wars begin!

Previous Posts

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home