EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators, has drawn up a term sheet with its bank partners with a view to obtaining a new €12 million credit facility.
The loan, 90% of which is guaranteed by the French state under the PGE state-guaranteed loan scheme (ministerial orders of March 23 and April 17, 2020 awarding the state guarantee to credit institutions and finance companies, implementing Article 6 of Law no. 2020-289 of March 23, 2020), will have a maturity of one year with optional extension for up to five additional years (May 2026) at the Company’s discretion.
Meanwhile, US subsidiary EKINOPS Corp. has obtained USD 596,000 of financing under the Paycheck Protection Program (PPP), a scheme offered to SMEs by the Small Business Administration (SBA) in tandem with State governors to help them get through the crisis. This loan is granted for a maximum two-year term with a six-month payment deferral.
EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators and businesses, has published its first half 2020 financial statements (for the period ended June 30, 2020) as approved by the Board of Directors on July 27, 2020. The statutory auditors have conducted a limited review of the first half financial statements and will shortly issue the corresponding report.
EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators, has published its revenue for the 2nd quarter of 2020 (April 1 - June 30, 2020).
EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of optical transport equipment and router solutions, today announces that TurkNet, Turkey’s leading gigabit internet service provider (ISP), has chosen Ekinops’ FlexRate optical transport solutions to significantly upgrade its core network, which provides businesses and individuals with uncapped high-speed broadband services across the country’s key cities.