15 January 2016
Ooredoo Oman has signed three financing deals, with both local and international banks, worth a total of $177 million.
a bourse statement from the company, the money will be used for
general corporate services and will underpin Ooredoo
Oman’s continued investment in its network and
enhancement of services. It did not disclose the identities of
the two lending banks.
has invested heavily in modernising its network over the last
three years, resulting in population coverage growing to
been huge interest from both local and foreign banks in our new
facility," said Jorgen Latte, Ooredoo CFO.
clear vision and strategy, Ooredoo attracts many banks who want
to participate and support our strategic ambitions."
said that securing the financing deals was reflective of its
"strong balance sheet, positive brand equality and excellent
Ooredoo Oman signed an LTE roaming deal with Telenor.