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.
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
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 ...
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.
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.
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...
Tom Nelthorpe, details the mechanics behind the Thuraya mobile satellite network project financing - the first telecoms deal to use Islamic finance.