Ooredoo Oman has signed financings worth OR68m (US$177m), days after incumbent Omantel launched a US$130m sukuk.
Ooredoo Oman (MSM:OOREDOO) has signed three new financing agreements with local and international banks worth OR68m (US$177m).
The proceeds will be used to fund network and services investment, and for general corporate purposes, the company said in a stock exchange filing.
The Qatari-owned group said it had spent more than OR124m (US$322m) on network modernisation over the past three years, enabling it to cover 99% of the population.
CFO Jorgen Latte said there had been “huge interest from both local and foreign banks,” but did not name them.
Earlier this week, incumbent Omantel launched a US$130m sukuk.
