GE Capital Provided $3.4 Billion in Telecom, Media and Technology Financing in 2011

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The FINANCIAL — GE Capital’s Telecom, Media and Technology financing business today announced it had completed 38 deals totaling $3.4 billion in financing during 2011, according to GE.


“This has been an active year for financing across our industries,” said Pete Foley, senior managing director of GE Capital’s TMT team. “Despite continued uncertainty in the market, good transactions are being financed. It is encouraging to see these deals close and we remain optimistic about 2012.”

The business addresses the financial needs of customers in key growth sectors, including cable, towers, metro fiber, TV, digital media and software, among others. During 2011, acquisitions and refinancing activity were prominent, with a record number of companies turning to GE for financing.



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