Vodafone said it hopes to borrow around $10 billion to fund its $56 million acquisition of US wireless operator, Airtouch.
The UK firm said 11 banks have agreed to underwrite the transaction and the loan is due to be signed in early April. How much the loan will cost it in real terms will be determined by the credit ratings of the enlarged company.
Vodafone?s acquisition of Airtouch is exptected to help boost its presence around the world. Airtouch has stakes in the Globalstar satellite communications system and in mobile and paging operators across the globe, including the US, Belgium, Germany, Italy, Japan, Spain and Sweden.
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