STOCKHOLM, Sweden—Ericsson said it is refinancing its loans involving 13 operators to the tune of US$1.5 billion, most of which pertained to third-generation (3G) vendor infrastructure commitments.
The company said US$300 million are vendor credits from its balance sheet, US$130 million are underwritten and US$1.09 billion are credit commitments.
“Ericsson will continue to support customers on a selective basis, and vendor loans will be continuously transferred to the financial market,” said the company in a statement.
