9mobile secures USD 230 mln loan from Africa Finance Corporation

Monday 26 August 2019 | 11:02 CET | News
The Africa Finance Corporation has approved a USD 230 million loan for Nigerian operator 9mobile. The money will be used to honour existing debts, finance its costs and invest in growth, 9mobile said. It will be divided into two tranches to repay historic vendor obligations, finance costs and an interest reserve account and payment towards quick-win capital expenditure initiatives.

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Categories: Mobile & Wireless
Companies: 9Mobile
Countries: Nigeria
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