0
Wireless

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: 9Mobile
Countries: Nigeria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

9Mobile plans to deploy in 16 cities in coming months

Published 20 Nov 2019 10:40 CET | Nigeria
Mobile operator 9mobile plans to deploy 4G networks in sixteen Nigerian cities in the coming months, reports the Punt. Acting MD ...

9mobile leads in number porting wins in Q2

Published 10 Sep 2019 10:07 CET | Nigeria
Nigerian operator 9mobile gained the most customers through number porting in the second quarter, according to the latest report ...

NCC fines Airtel, 9mobile NGN 127 mln

Published 06 Aug 2019 09:27 CET | Nigeria
The Nigerian Communication Commission (NCC) has fined Airtel Nigeria and 9mobile a total of NGN 127 million for contravening its ...

Glo, Airtel Nigeria grow internet subscriber base in June

Published 05 Aug 2019 12:30 CET | Nigeria
Nigerian operator Globacom added the most internet subscribers in June, growing by 196,816 to 29.02 million, according to figures ...

9mobile partners Gravitas for fibre to Gracefield Island development in Lekki

Published 01 Aug 2019 10:05 CET | Nigeria
Nigerian operator 9mobile said it has partnered with Gravitas, a property and infrastructure development company, to provide ...

9mobile gains most customers via MNP in year to May

Published 15 Jul 2019 11:22 CET | Nigeria
Nigerian operator 9mobile, has gained the highest number of ports-in consistently over the past year, according to latest Mobile ...