Credit Suisse and Deutsche Bank have withdrawn their demands for Ukrtelecom to make early repayment of a USD222 million debt, Millenium Capital writes, quoting an anonymous insider speaking to Interfax on 15 February. The telco, which is in the process of being sold by the Ukrainian government to Austrian investors, has reportedly negotiated a new debt restructuring plan which comes into force once it makes good on a semi-annual interest payment of USD56 million by 25 February.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors