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Telefonica closes $743 million loan to buy Nokia infrastructure

A man walks past Telefonica's building in central Madrid March 26, 2013. REUTERS/Juan Medina
A man walks past Telefonica's building in central Madrid March 26, 2013. REUTERS/Juan Medina

MADRID (Reuters) - Spain's Telefonica said on Monday it had closed a financing deal worth $743 million to acquire infrastructure from Nokia's Nokia Solutions and Networks.

The deal is the second of its kind after a similar deal in 2011, Telefonica said.

The telecommunications company signed the credit deal with BBVA, Santander and Barclays.

(Reporting By Robert Hetz; Writing by Paul Day; Editing by Sarah Morris)

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