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Axiom seeking $300m loan
- United Arab Emirates: Sunday, December 09 - 2007 at 14:14
The Emirates Bank and JP Morgan have underwritten a $300m revolving credit facility for the UAE based mobile phone retailer Axiom Telecom, reported the Business Weekly. General syndication for the facility is set to get underway this month and a number of lenders have shown strong interest in the facility which would be Axiom's first. Axiom is looking at regional expansion and has recently tied up with India's Pantaloon Retail.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 09 - 2007 at 14:14 UAE local time (GMT+4)
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