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Lietuvos Telekomas gets giant loan

Aug 19, 1999
Paul Beckman

VILNIUS - Lietuvos Telekomas, one of Lithuania's biggest companies, signed an agreement with six foreign banks on Aug. 10 to pull in a $125 million loan. The amount makes the loan the biggest ever given to a private business in Lithuania.With the flags of Sweden, Germany, Lithuania, Finland and the European Union providing the backdrop, representatives of six banks signed away the $125 million five-year term loan. The participating banks are Merita Bank, Swedbank, Leonia Corporate Bank, Dresdner ...

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