Lonestar Cell MTN has signed a US$25m loan from a syndicate of four banks – the largest corporate funding in the history of Liberia, according to Lonestar CEO Tebogo Mogapi.
The financing – secured from United Bank for Africa, Ecobank, Liberian Bank…
Lonestar Cell MTN has signed a US$25m loan from a syndicate of four banks – the largest corporate funding in the history of Liberia, according to Lonestar CEO Tebogo Mogapi.
The financing – secured from United Bank for Africa, Ecobank, Liberian Bank for Development and Investment and Guaranty Trust Bank – will be used for the company’s capex and opex requirements in order to maximise its network coverage and improve the quality of services.
Lonestar, a subsidiary of South Africa’s MTN Group, is Liberia’s largest mobile operator.
