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Saudi Telecom to loan US$160m to cover Ojer Telekomunikasyon’s default

Connectivity BusinessbyConnectivity Business
January 19, 2017
in Financing, Investments, Space Services
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Saudi Telecom has reportedly offered a US$160m loan to subsidiary Ojer Telekomunikasyon to pay interest on an instalment it defaulted on last year. Ojer, which is Türk Telekom’s majority shareholder, missed a US$290m debt payment in September following a fall in the Turkish Lira against the US dollar, a currency in which Türk Telekom pays dividends in, reported Bloomberg.   Saudi Telecom (TASI:7010) has […]

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Tags: Arab BankEthad SaleJPMorgan ChaseMiddle EastOger TelecomOjer TelekomunikasyonPremiumSale Advance CoSamba Financial GroupSaudi OgerSTC (Saudi Telecom Company)TF252TF253
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