Press Releases

Magyar Telekom has been granted an EIB loan

Budapest, November 26, 2010 14:30

Magyar Telekom announces that it has signed an agreement with the European Investment Bank (EIB) for a long-term loan granted through Deutsche Telekom International Finance B.V. that will be used to finance mainly its broadband investment projects.

Magyar Telekom has been granted a loan in the amount of EUR 150 million (around HUF 41.5 billion at the 25 November 2010 HUF/EUR exchange rate of 276.6) by EIB through DT International Finance B.V., a Deutsche Telekom subsidiary managing Group financing, as a financial intermediary. The loan is denominated in forint, has duration of six years, and bears a fixed interest rate.