BASINGSTOKE, U.K.-Telesystem International Wireless, through its subsidiary Dolphin Telecom plc, announced Motorola Inc. has arranged financing commitments for credit facilities totaling $342 million for Dolphin’s German subsidiary.
Motorola arranged a financing commitment for a credit facility, which will allow for drawdowns in euros up to the equivalent of $250 million. This facility will be available for three years and will be used to fund the purchase of Motorola equipment used to deploy Dolphin Germany’s digital enhanced specialized mobile radio network, said TIW.
Additionally, Motorola has committed to a $92 million support credit facility that will be used by Dolphin to fund equity investments in Dolphin Germany. This facility will be reduced dollar-for-dollar by any future equity invested by Motorola in Dolphin Germany, TIW said.
