STOCKHOLM, Sweden—L.M. Ericsson said it is refinancing its loans involving 13 operators to the tune of $1.5 billion, most of which pertained to third-generation vendor infrastructure commitments.
The company said $300 million are vendor credits from its balance sheet, $130 million are underwritten and $1.09 billion are credit commitments.
“Ericsson will continue to support customers on a selective basis, and vendor loans will be continuously transferred to the financial market,” said the company in a statement.
