Brief: Syn Signs Deal About Sale And Leaseback Of Passive Mobile Infrastructure

Syn hf

01/04/2021 07:39

April 1 (Reuters) - Syn hf  SYN.IC :
    * SIGNED AGREEMENT PERTAINING TO SALE AND LEASEBACK OF
PASSIVE
MOBILE INFRASTRUCTURE TO INTERNATIONAL INVESTORS
    * TERMS INDICATE THAT PROFIT FROM TRANSACTION AMOUNTS TO
OVER ISK
6 BLN
    * TRANSACTION WILL STRENGTHEN BALANCE SHEET AND IMPROVE
LIQUIDITY
POSITION OF SYN
    * TERMS ASSUME LONG-TERM LEASE AGREEMENT WHICH WILL
GUARANTEE CO'S
ACCESS TO THE INFRASTRUCTURE
    * ALL ACTIVE MOBILE EQUIPMENT WILL BE OWNED AND OPERATED BY
SYN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8FmNbg
 Further company coverage:  SYN.IC  
   


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