The consortium for new financing consists of DBS Bank Ltd.- Dubai Branch, HSBC Oman, Mizuho Corporate Bank, Ltd., and Qatar National Bank S.A.Q. The facility agent for this financing is Qatar National Bank S.A.Q.
Nawras has commenced turbocharging of its network in order to increase speed, capacity and provide wider coverage to give customers a more rewarding experience. The programme includes increased 3G+ capacity offering doubled speeds and greater coverage, launching 4G LTE services as well as new network footprint. This programme of future proofing our network shall be partially financed by this new facility.
Jorgen Latte, Chief Financial Officer, Nawras said: "There had been a huge interest from both local and foreign banks in our new facility. With its clear vision and strategy, Nawras attracts many banks who want to participate and support our strategic targets. The strong commitment of the international banks in this new facility also reflects the strength and trust in the Omani economy and Nawras as one of its key flagship companies."
Browse
related articles
Nawras signs new financing agreement of $182m
- Oman: Wednesday, January 23 - 2013 at 11:29
- PRESS RELEASE
Related content
Omani Qatari Telecommunications Company SAOG - Nawras, signed a new financing agreement worth $182m (OMR70m) with a five-year tenure, for capital expenditure and working capital requirements.
Article Options
Log in to request more information from Nawras Telecom
Posted by Nadeen El AjouWednesday, January 23 - 2013 at 11:29 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
