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Unefon, a Mexican wireless operator, received a US$58.5 million loan from Mexican banks Banco Inbursa and Baneo Azteca to pay pa


UNEFON, a Mexican wireless operator, received a US$58.5 million loan from Mexican banks Banco Inbursa and Baneo Azteca to pay part of its $120 million debt. Unefon said the transaction allowed the company to convert 48% of its debt from dollars to pesos.

COPYRIGHT 2004 Freedom Magazines, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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