MONTREAL-Microcell Telecommunications Inc. said it closed a debt transaction that raised about $150 million from the issue of 12-percent senior discount notes due 2009 at 55.73 percent amount at maturity of $270 million.
The notes were issued through a private placement in Canada and the United States.
Proceeds of the financing will be used to fund a portion of the costs of Microcell’s personal communications services network, license fees and related interest expense.
