Nigerian backbone operator MainOne has sealed a US$100m loan facility with a syndicate of banks led by Standard Chartered, it is widely reported.
The other institutions providing the financing are Skye Bank, First Bank of Nigeria and First City…
Nigerian backbone operator MainOne has sealed a US$100m loan facility with a syndicate of banks led by Standard Chartered, it is widely reported.
The other institutions providing the financing are Skye Bank, First Bank of Nigeria and First City Monument Bank.
The proceeds will be used to fund the telco’s growth strategy. Specifically, MainOne is planning on expanding its terrestrial fibre networks and data centres across West Africa.
Privately-held MainOne offers wholesale internet services to telecom operators, ISPs, government agencies, large businesses, and educational institutions in West Africa. It also operates a submarine cable system running down the coast of the region.
