Turkcell Guarantees Loan for Ukraine GSM Expansion

Turkish telco, Turkcell says that it is to guarantee a US$75 million loan being signed by its Dutch subsidiary, Financell to fund network expansion by Astelit – a mobile network in Ukraine. The financing will be used for the products and services that will be purchased from Ericsson AB and Ericsson Ukraine for Astelit LLC’s 2G infrastructure investments.