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Digi obtains new funding

August 2, 2019 09.28 Europe/London By Chris Dziadul

Digi Communications, the parent company of RCS&RDS, has secured a syndicated facility agreement.

Consisting of two facilities in Romanian Lei (RON), Euros and Hungarian Forints (HUF) and obtained from ING Bank, Unicredit Bank and several other financial parties and institutions, it has been granted for 12 months, with a possible extension to 24 months.

The funds, amounting to €150 million but possibly increasing up to €250 million or its equivalent in other currencies, will be used by the company and its subsidiaries for investment purposes.

Digi is one of the leading providers of pay-TV and broadband services in Romania and Hungary.

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Filed Under: Central & East Europe, Finance, Newsline Tagged With: Digi Communications Edited: 2 August 2019 09:28

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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