$1.7bn credit line secured by Iliad (France)

www.WirelessFederation.com/news: EUR1.4 billion (USD1.7 billion) five-year credit facilities has been secured by French broadband internet provider and would-be mobile start-up Iliad (Free) from a group of eight European banks to help refinance its debt ahead of its launch of mobile services in the country.

Credit line illustrates the company enjoys a healthy position as one a European operators with a very low level of debt.

The agreement will not only will enable existing cash flow but will enable Iliad to fund its medium-term growth strategy