Turk Telekom signs USD600m loan with CDB, agrees additional terms with EDC

3 Jan 2013

According to Reuters, Turk Telekom has signed two eight-year loan deals worth USD600 million with the China Development Bank (CDB). Around USD200 million of the total will be used to finance goods and services bought from Huawei. In related news, Turk Telekom has also obtained a parallel EUR130 million (USD172 million) three-year loan from Export Development Canada (EDC) to finance the company’s capital expenditure.

Turkey, Turk Telekom