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[July 03, 2009]

Turkcell inks US$285 mln loan deal for 2G, 3G equipment

ISTANBUL, Jul 3, 2009 (Asia In Focus via COMTEX) -- TURKCELL, Turkey's biggest mobile-phone operator, said Wednesday it has signed a US$285 million loan deal to purchase technological equipment and services from Sweden's ERICSSON for its 2G and 3G investments.

The loan will be used in financing part of the company's planned US$750 million purchase to invest in 2G and 3G infrastructure, Turkcell said in a statement.

* Turkcell said the loan was mediated by CALYON CREDIT AGRICOLE BANK and NORDEA BANK AB, and it will be guaranteed partly or entirely by the Swedish Export Credits Guarantee Board.

* Turkcell last November won a tender for Type A 3G (40 MHz) mobile communication system license for 358 million Euro.

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