Nawras signs two more credit facility agreements

20 Feb 2013

Nawras, Oman’s second national telecoms operator, has announced the signing of a further two bilateral revolving credit facility agreements totalling OMR20 million (USD51.8 million) with a three-year tenure. The agreements with HSBS Bank Oman and Qatar National Bank Oman will help meet capital expenditure and working capital requirements. Last month Nawras, which is majority owned by Qatar Telecom (Qtel), signed a financing deal worth USD182 million to partially finance its ‘turbocharging’ programme, which aims to increase the speed, capacity and coverage of its mobile network across the Sultanate.

Oman,Ooredoo Oman,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share