Qatari incumbent Ooredoo is in discussions with lenders to secure a facility aimed at refinancing its existing debt, it is understood.
The mobile operator is seeking up to US$1bn and has sent requests for proposals to about 15 banks, according to a…
Qatari incumbent Ooredoo is in discussions with lenders to secure a facility aimed at refinancing its existing debt, it is understood.
The mobile operator is seeking up to US$1bn and has sent requests for proposals to about 15 banks, according to a Reuters report citing banking sources. Responses are expected this week.
Ooredoo declined to comment on the report.
In April last year, the Qatari company secured a four-year US$1bn revolving credit facility, which was arranged by 14 national and international banks.
More recently, in late November, Ooredoo inked a US$1.25bn five-year sukuk, its first-ever Islamic bond.
The company was recently awarded a licence to operate mobile services in Myanmar, several months after being declared a winner, alongside Norway’s Telenor, in a hotly-contested auction.
