Telia Lietuva, which was created through a merger of Omnitel with Teo LT last February, said in a stock exchange release on Wednesday that it had signed a syndicated 60-mln-euro loan agreement with the Swedish-owned Lithuanian bank SEB Bankas, Denmark's Danske Bank and Sweden's Nordea Bank.
The five-year loan was lead-arranged by SEB Bankas and was provided by the lenders in equal parts.
Telia Lietuva said that the 77-mln-euro loan from Telia Company had been used for 4G network development.
Telia Company owns 88.15% of shares in Telia Lietuva, which is quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.
