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Telefonica SA Gets USD 1 Billion Credit Line for Infrastructure-Reuters


Tuesday, 5 Mar 2013 07:48am EST 

Reuters reported that Telefonica SA has secured a USD 1 billion export credit facility to buy network equipment and commissioning services from Ericsson AB for its various subsidiaries across the world. The Company announced that it continues to drive the use of diverse financing instruments, apart from bonds and loans, and to increase its financing deals with export credit agencies for financing equipment. The deal is backed by two Swedish export authorities, the Swedish National Export Guarantee Board (EKN) and the Swedish Export Credit Corporation (SEK). 

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