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December 1999
After a legal battle that ran for almost eight months, limited
recourse financing for the Sfr700 million ($450 million) mobile and
fixed-line networks for the Swiss telecom company diAx closed at
the beginning of November this year.
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Intercontinental fibre-optic cables are presented as just one facet of a service involving internet and end-user capabilities.
Tom Nelthorpe looks at how the deals in the market differ and the different tack sponsors are taking to sell themselves to the banks
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Troubled satellite operator ICO Global Communications has been
granted approval for a $500 million equity injection to complete
the rollout of its network. The US Bankruptcy Court in Wilmington,
Delaware approved a bid led by Teledesic founder Craig McCaw that
had been provisionally approved at ...
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Citibank will lead arrange an NT$1.76 billion ($55 million) loan to
the Taiwan Broadband Communications Co. The loan package comprises
NT$1.36 billion in conventional loans and a NT$400 million Note
Issuance Facility. The tenor of the loan is six years.
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November 1999
The Eu120 million facility for VIP-Net of Croatia has signed, although the funding will not be available until early November. The deal was oversubscribed but not increased.
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Barclays Capital has been mandated lead arranger on the $600 million credit facility for FLAG Atlantic-1 - a submarine cable joint venture between FLAG Telecom and Global TeleSystems. Dresdner Bank and Westdeutsche Landesbank have also committed as co-arrangers.
The 7.5-year project facility is s...
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Tom Nelthorpe, details the mechanics behind the Thuraya mobile satellite network project financing - the first telecoms deal to use Islamic finance.