Vodafone snags EUR100m EIB loan for Romania, Turkey

by / Wednesday, March 6th, 2013
Vodafone has taken out a EUR100 million (USD130.3 million) credit line from the European Investment Bank (EIB) to help finance the upgrade and expansion of its mobile broadband networks in Romania and Turkey. According to an unconfirmed report by Telecompaper, this tranche of the loan forms part of a larger EUR400 million advance, the first EUR300 million of which was handed over in December 2011. Of the total amount, EUR250 million was earmarked for investment in Turkey, with the remainder set aside for Vodafone’s Romanian operations.