Sector - Telecoms
Nigerian mobile firms seal loans
The Nigerian mobile telecoms industry has seen two large debt financings in recent weeks.
AU satellite gets agency funding
NewSat has reached loan agreements with Coface and US Exim.
Exim makes satellite loan
US Exim has given a US$343.3mn direct loan to Asia Satellite Telecommunications (AsiaSat).
ONDD guarantees satellite exports
French satellite operator Eutelsat has received a US$272mn loan from a syndicate of banks.
Sri Lanka telecom firm gets loan
Sri Lanka’s telecom firm Etilasat Lanka has received a US$125mn loan partly backed by Belgium’s ECA, ONDD.
Telefonica gets jumbo export loan
Telefonica has signed a US$1bn export credit facility with a syndicate of banks.
Vietnam continues to trade up
Vietnam is becoming an important market for financiers in light of its continued need for investment capital to fuel the growth of the economy, writes Eleanor Hill.
Satellite financing closed
A syndicate of banks led by Crédit Agricole has financed the US$87.1mn purchase of a satellite.
Submarine telecom line seeks funding
Seaborn Networks is seeking US$400mn to fund the first direct submarine cable between New York and Sao Paulo.
Trade growth to push SCF, says HSBC
Trade finance banks will have to focus on supply chain optimisation as global trade grows and new corridors emerge, HSBC forecasts.
In its Global Connections report, the bank predicts a 5% increase in world trade in 2013, followed by 6-7% growth in 2014-16, led by emerging markets in Asia and Latin America. As a result, HSBC expects the structure of supply chain finance to change and adapt to new trade flows, prompting innovation within banks.
Staring at the stars
As the telecoms market reaches saturation point, financiers are beginning to turn to nascent industries such as satellite technology. Eleanor Wragg reports.
NIB funds European telecom development
The Nordic Investment Bank has granted two loans to Swedish and Russian telecom firms Ericsson and MegaFon for the development and upgrade of their mobile networks.
UK gives boost to export finance
The UK government has launched a £5bn export refinancing facility to provide long-term loans to buyers of British products.
The country’s export credit agency, UK Export Finance (UKEF), says it will work closely with banks and exporters over the coming months to agree the detailed mechanics of the facility, which is expected to be operational by the end of 2012.
Econet Wireless closes syndicated deal
Mauritius company Econet Wireless has closed a US$362mn syndicated loan to expand its operations in Zimbabwe and Burundi.
