Deutsche Telekom and its subsidiary T-Mobile US have agreed to reduce interest expenses. Part of this agreement is a 3-year credit agreement with two tranches totalling US$2.5bn. This agreement will give T-Mobile US further financial leeway to invest and/or to reduce interest expenses. In September, Deutsche Telekom paid interest rates of 2.5% (7-year duration) and T-Mobile US 6% for US$1bn.
03 Jan 2017
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Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
03 Jan 2017 -
Author:
Heinz Steffen -
Pages:
2
Deutsche Telekom and its subsidiary T-Mobile US have agreed to reduce interest expenses. Part of this agreement is a 3-year credit agreement with two tranches totalling US$2.5bn. This agreement will give T-Mobile US further financial leeway to invest and/or to reduce interest expenses. In September, Deutsche Telekom paid interest rates of 2.5% (7-year duration) and T-Mobile US 6% for US$1bn.