MONTREAL - Intercable ICH Inc., a Canadian telecommunications company that provides broadband telecommunications in the international market, has entered into a debt facility of approximately $20.63 million (13 million Euros). The company said that the facility is through its wholly-owned subsidiary Intercable Africa along with Absa Bank Limited and The Mauritius Commercial Bank Ltd (a bank affiliated to MCB Equity Fund, a shareholder and insider of Intercable), as lenders. Proceeds will be used to repay a portion of Intercable's outstanding bridge loans, and finance the build-out of its broadband network in Reunion Island, located in the Indian Ocean, east of Madagascar. Intercable focuses on...
