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Magyar Telekom signs for €150m EIB loan

Magyar Telekom on Friday said it signed an agreement with the European Investment Bank (EIB) for a €150 million long-term loan granted through Deutsche Telekom International Finance to finance mostly broadband investment projects.

The fixed-rate, six-year loan is denominated in forints. It is for HUF 41.5 billion, calculating with the HUF/EUR exchange rate of 276.6 on November 25, Magyar Telekom said. (MTI-Econews)