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Wind to launch LTE by end of 2016 with new financing

telecom | 12/10/2015 10:46 pm EST

Wind Mobile is looking to make LTE service available to at least some of its customers by the end of next year, after announcing it has borrowed $425 million to help it do so. On Thursday, Wind issued a press release that indicated it has secured a new financing package worth $425 million that involves backing from Toronto-Dominion Bank, Bank of Montreal and Canadian Imperial Bank of Commerce. Also involved is Finnverva, the export credit agency of Finland, where the technology provider for Wind's network upgrade, Nokia Corp., is based. Wind said said the money secured would...