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Mobily secures $200m loan from Canada export agency

: Monday, June 30 - 2014 @ 06:25

Saudi Arabia’s telecoms operator, Etihad Etisalat (Mobily) has signed a $200m vendor financing agreement with Canada’s export credit agency to buy equipment from Alcatel Lucent, Reuters has reported. Mobily, which competes with Saudi Telecom Co (STC) and Zain Saudi, will repay the loan in 17 semi-annual instalments.

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Monday, June 30- 2014 @ 6:25 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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