Athens, Greece - July 2, 2008 -INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today announced that it has signed a euro 150 million bond loan agreement. Mandated Lead arranger is Alpha Bank, Lead Arrangers are HSBC and Geniki bank, Arrangers are National Bank of Greece and Piraeus Bank and Managers are E.F.G. Eurobank, FBB, Aspis Bank and Millenium Bank.
The proceeds of the loan will be used to refinance existing bank indebtedness of INTRACOM TELECOM and to finance the company's development plans which mainly include investments for undertaking of new projects and its expansion to new markets.
About INTRACOM TELECOM
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as provider of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 14 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, a leading diversified holding company in Russia and the CIS. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.
Information for Press only
INTRACOM TELECOM:
Alexandros Tarnaris, Media & Public Relations Manager, tel. +30-210-667-7027,
e-mail: atarnar@intracom.com
Danka Zafiratou, Marketing Communications Director, tel. +30-210-667-9804,
e-mail: dzaf@intracom.com