dollarsISTANBUL: Turkish telecommunications company Turk Telekom signed two eight-year loan deals worth $600 million with China Development Bank, the company said on Wednesday.

 

The $200 million agreement will be used to finance goods and services bought from Huawei and will have an interest rate of Libor+2.85 percent, whereas the $400 million deal will have an interest rate of Libor+3.40 percent.

 

Copyright Reuters, 2012

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