EIB – MAGYAR TELEKOM
June 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is planning to lend up to Euro 200 million to Hungary's main telecommunications utility Magyar Telekom, helping it roll out new broadband business services and further expand existing consumer broadband services. Assuming final approval from the bank's board, the low interest loan would fund half of a Euro 400 million project, which would also reinforce the telecom company's "national fibre backbone and its access network", said an EIB note. This added that the project "reduces the risk of an emerging digital ...
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