BOSNIA AND HERZEGOVINA 9 MRT
BH Telecom agrees loan for Telemach takeover
Bosnia and Herzegovina’s state-owned operator BH Telecom is taking out a syndicated loan of BAH 390 million to finance its planned takeover of Telemach’s local operations, SeeNews reports. BH Telecom director Amel Kovacevic said the seven-year loan carries interest at a fixed rate of 3.49 percent. The remaining portion of the purchase price will be financed with the company’s own funds, Kovacevic said, without disclosing the total acquisition price.