Morocco’s second largest mobile operator Meditel has signed a Dh2.4bn (US$271m) loan with a consortium of local banks.
These banks are Societe Générale, BMCE Bank, Credit du Maroc, Credit Immobilier et Hotelier, Attijariwafa Bank, and Banque…
Morocco’s second largest mobile operator Meditel has signed a Dh2.4bn (US$271m) loan with a consortium of local banks.
These banks are Societe Générale, BMCE Bank, Credit du Maroc, Credit Immobilier et Hotelier, Attijariwafa Bank, and Banque Centrale Populaire, TelecomFinance has learnt.
Proceeds will go towards supporting its investment programme and restructuring its debt.
Over the last two years, Meditel completed two bond issues totalling Dh2.5bn (US$282m).
Meditel is 40%-owned by France Telecom, while the remaining stake is split between Moroccan finance groups Finance Com and la Caisse des Depots et de Gestion (CDG).
