Sector - Telecoms
Brazil's Telemar recieves Nordic backing
Nordea and KfW Ipex Bank are providing a 10-year US$400mn export loan to finance Brazilian telecommunications enterprise Telemar Norte Leste.
Iraqi telecom gets HSBC backing
HSBC has signed a US$24mn medium-term facility to finance telecommunications equipment and systems to Iraq-based mobile operator Asiacell.
MTN Afghanistan wins Miga support
Afghan telecommunication provider MTN Afghanistan is expanding its operations business to increase connectivity in the conflict-affected country.
Vodafone Ghana financing deal agreed
Vodafone Ghana has won a US$115mn facility from development and commercial banks, including a significant package from Chinese institutions.
The debt package includes US$82mn in syndicated and parallel loans from the Export-Import Bank of China, China Development Bank and Germany’s DEG.
A total of US$33mn in B loans was provided by...
Indonesia’s Axis draws Islamic funding
Indonesian telecom firm Axis has closed a US$1.2bn package with local and international banks.
The deal comprises three separate facilities, including a US$450mn murabaha loan arranged by Deutsche Bank and HSBC.
Deutsche and Saudi British Bank underwrote the...
Telecoms group gets ECA backing
BBVA and Société Générale have joined forces to sign a US$375.8mn export credit agency-backed loan to Spanish telecommunications group Telefonica.
Mobilising the Latin American market
Interest in mobile phone banking technology is increasing across Latin and Central America. But it still has a long way to go before it catches up with African or Asian markets. Eleanor Wragg reports.
Best Deals 2010: China Calling
Joint co-ordinating mandated lead arrangers Barclays Capital and Absa Capital closed a syndicated US$127mn Sinosure-backed facility with Telkom, one of Africa’s largest fixed-line telecommunications operators, at the end of 2010.
GTR Best Deals 2010
GTR is pleased to announce the winners of our Best Deals 2010 competition.
Telkom SA signs Sinosure-backed deal
One of Africa’s largest fixed-line telecommunications operators Telkom SA has signed a syndicated US$127mn Sinosure-backed facility to secure equipment from the Chinese company Huawei.
The deal will in part support Telkom’s five-year expansion plan into the mobile telecommunications market in South Africa. The company sold its stake in its mobile arm Vodacom last year, and is in the process of rolling out its own new mobile network.
Medi Telecom refinances local currency debt
A group of Moroccan banks and two multinationals have signed a refinancing loan to Médi Telecom for the local-currency equivalent of US$605.8mn.
The loan will refinance Morocco’s second largest telephone operator’s local debt.
GTR can reveal that the regional banks involved were BMCE Bank, Attijariwafa Bank, CDG Capital, Banque Centrale Populaire, Crédit Immobilier et Hôtelier, BMCI and Crédit du Maroc.
Société Générale and Crédit Agricole also joined the deal.
Crédit Agricole funds Brazilian telecoms firm
Crédit Agricole CIB has acted as the sole mandated lead arranger for telecoms firm Nextel Brazil in a US$90mn refinancing deal.
French institutions fund satellite launch
US broadband provider Hughes Network Systems has signed a US$115mn facility with BNP Paribas and Société Générale.
3G comes to Du
Telecommunications company Du is realising its plans to build a 2G and 3G network with US$207mn in export credit financing.
DEG reaches out to Russian telecoms
Germany’s development bank DEG is funding a long-term US$30mn loan to Russian telecoms company Wintergate Holdings.
