Business Intelligence Middle East reports that Zain is in talks with banks to arrange a deal to refinance USD2.5 billion worth of debt maturing on 27 July 2009. The original two-year facility was signed in September 2007 to help fund Zain’s entry into the Saudi Arabian mobile market. Zain’s chief communications officer Ibrahim Adel said, ‘We are looking to roll it over. We are in advanced discussions with banks, but nothing has been signed yet.’
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors