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C2C Pte Ltd., a subsidiary of Singapore Telecommunications Ltd. , received US$700 million in secured financing facilities, consisting of a $660-million loan and a $40-million credit facility - SingTel - News in Brief - Brief Article

CommunicationsWeek International, Feb 4, 2002

C2C Pte Ltd., a subsidiary of Singapore Telecommunications Ltd. (SingTel), received US$700 million in secured financing facilities, consisting of a $660-million loan and a $40-million credit facility. The loan will be used to complete C2C's $2.1-billion pan-Asian submarine cable network, which will cover business centers in China, Taiwan, Hong Kong, Japan, the Philippines and Singapore.

The company announced that Tsunekazu Matsudaira will be its new CEO.

COPYRIGHT 2002 EMAP Media Ltd.
COPYRIGHT 2002 Gale Group
 

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