Telecom Increases Standby Credit Facility
May 11th, 2008 | By admin | Category: BusinessTelecom has boosted its standby debt facility to NZ$800 million, providing more flexibility should it be necessary.
The new facility, with Telecom’s existing bankers, replaces the previous standby credit facility which had a limit of US$500 million (NZ$654 million), the company said today.
The increased limit would give the company greater financial flexibility, said new chief financial [...]
