Digi takes EUR 200 mln syndicated loan to purchase Hungarian telecom company Invitel

Georgeta Gheorghe 16/10/2017 | 12:35

Digi has concluded an EUR 200 million syndicated loan  from Citibank, London Branch and ING Bank. The amount will be used to purchase Hungarian telecom company Invitel and for other general purposes. 

The loan has a 12 months maturity and can be extended for a duration of 6 to 12 months.

The announcement was made by RCS-RDS owner Zoltan Teszari. Out of the loan, EUR 140 million was used to purchase Hungarian telecom operator Invitel Tavkozlesi Zrt. by Digi Kft., the RCS&RDS subsidiary in Hungary, which was announced in 21 July 2017. The amount of EUR 60 million will be used for general purposes if the Digi group.

Invitel, part of the Invitel Group, is one of the key operators on the telecom market in Hungary. It offers a wide portfolio to residential clients, as well as to small and medium sized companies.

Tags: ,
BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Georgeta Gheorghe | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue