Telefonica's Colombian Mobile Unit Gets $125 Million ABN Amro Loan
The loan expires in 2013.
Officials at Telefonica Moviles weren't immediately available to provide further information.
Telefonica, which has a 26% market share in Colombia, competes with Comcel, the local unit of Mexico-based America Colombia Movil SA, which controls 64% of the Colombian market and Colombia Movil SA, the local unit of Millicom International Cellular SA (MICC), with 10%.
Last year, Telefonica Moviles secured $600 million in loans from the Inter-American Development Bank and other commercial banks to expand its telecommunication networks.
-By Diana Delgado, Dow Jones Newswires; 571-6107044 EXT 1132; diana.delgado@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=eCdL%2BDi1IPgO6oG%2BUOtQBg%3D%3D. You can use this link on the day this article is published and the following day.
Publié le 22 Décembre 2008 Copyright © 2008 Dowjones
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