Omani operator Nawras has signed two bilateral revolving credit facilities worth OR20m (US$51.8m).
In a statement the Q-Tel subsidiary said the agreements had tenure of three years and would be used for capital expenditure and working capital…
Omani operator Nawras has signed two bilateral revolving credit facilities worth OR20m (US$51.8m).
In a statement the Q-Tel subsidiary said the agreements had tenure of three years and would be used for capital expenditure and working capital purposes.
The facilities have been signed with HSBC and Qatar National Bank after a competitive selection process that included 24 national and international banks.
Nawras is currently developing its network to provide increased 3G capacity and launch 4G LTE services.
It tapped the debt market last month, securing an OR70m (US$182m) loan with DBS Bank, HSBC Oman, Mizuho Corporate Bank and Qatar National Bank.
Nawras is listed on the Muscat Securities Market and offers wireless, fixed-line and broadband services.
