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20 February 2013
Omani telco Nawras has signed two additional bilateral revolving credit facility agreements totalling $51.8 million with a three-year tenure.
The investments will be used by
the operator, which is majority owned by Qtel, for capital
expenditure and working capital purposes.
HSBC Bank Oman and Qatar National Bank Oman were selected
following a competitive selection process including 24 national
and international banks.
The move follows a $182 million financing deal signed by Nawras
last month to partly finance its network investment programme
aimed at increasing the speed, capacity and coverage of its