Hutch secures SEK10.5 billion loan

22 Jun 2005

Hi3G Access, Hutchison’s Swedish wireless arm, has secured a SEK10.5 billion (USD1.3 billion) loan to fund its Scandinavian 3G rollout and repay loans to its owners. The facility will be used to cover financing for the group’s Swedish and Danish operations, which between them claimed 410,000 customers at the end of March 2005.

Sweden, Hi3G Access (3), Tre Sweden (Hi3G Access)