HTCC announces EUR200m floating rate senior notes offer

16 Apr 2007

Alternative operator Hungarian Telephone and Cable Corp (HTCC) has announced a EUR200 million (USD270.5 million) floating rate senior notes offering through its wholly owned subsidiary, HTCC Holdco II. The proceeds of the offering will be used in part to finance the acquisition of rival telco Invitel from Magyar Telekom, with the remainder used for refinancing debt of HTCC units Hungarotel and PanTel. Upon completion of the transaction, Magyar Telecom will assume the obligations under the notes and also become the parent company of Hungarotel, PanTel and PanTel Technocom.

Hungary,Invitel (a subsidiary of DIGI), Magyar Telekom, PanTel,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share