Oman’s Nawras inks USD51.80m credit facility deals

21 Feb 2013

(MENAFN) Omani Qatari Telecommunications Company (Nawras) announced that it has inked two USD51.80-million bilateral revolving credit facility deals, reported Times of Oman.

The company said that the 3-year tenure facilities would be used for capital spending and capital purposes.

The telco company said that it inked the agreements with two banks after it assessed 24 national and foreign lenders.

It is worth noting that the company has recently launched faster and super fast broadband speeds, after completing the first phase of its extensive network turbo-charging program.

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