Canada's Wind Mobile gets C$425 million loan to help expand network
(Reuters) - Wind Mobile, Canada's fourth largest wireless provider, said it closed a new C$425 million ($312 million) debt facility that will help it deploy a high-speed LTE network using equipment and services supplied by Nokia Corp (NOKIA.HE: Quote).
The company said the facility, which also helped re-finance existing debt facilities, consists of multiple delayed-draw tranches to fund both operational growth and network expansion.
Wind Mobile lags far behind the three big Canadian players, Telus Corp (T.TO: Quote), Rogers Communications Inc (RCIb.TO: Quote) and BCE Inc's (BCE.TO: Quote) Bell, each of which has at least 10 times as many wireless subscribers.
(Reporting by Manish Parashar in Bengaluru; Editing by Savio D'Souza)
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