Mobily sounds out lenders with view to cutting cost of SAR 8 bln debt - report

Friday 30 August 2019 | 11:04 CET | News
Saudi operator Mobily has held preliminary talks with banks to refinance as much SAR 8 billion of debt in order to lower borrowing costs, Bloomberg reported citing people familiar with the matter. Mobily has been gauging appetite from lenders and plans to start formal discussions before the end of the year, the sources said, asking not to be identified. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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.


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: Mobily
Countries: Saudi Arabia
::: 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.


Mobily aims to raise disability awareness on National Day

Published 24 Sep 2019 14:21 CET | Saudi Arabia
Saudi operator Mobily has launched its 89th National Day (23 September) initiative under slogan "Everyone's Kingdom" and a ...

Mobily revenues rise 15% to SAR 3.3 bln in Q2

Published 22 Jul 2019 08:57 CET | Saudi Arabia
Saudi operator Mobily's revenue increased to SAR 3.3 billion in the second quarter with a year-on-year growth of 15.1 percent ...

Mobily appoints new CFO

Published 08 Jul 2019 13:44 CET | Saudi Arabia
Saudi operator Mobily has announced the appointment of Khaled Abanami as its new CFO, succeeding Kais Ben Hamida. Abanami has ...

Mobily signs SAR 7.9 bln refinancing with banks

Published 02 Feb 2017 11:38 CET | Saudi Arabia
Saudi Arabian operator Mobily said it had signed a SAR 7.9 billion refinancing facility with a group of banks. The company said ...

Mobily to reissue financial statements after Eid - report

Published 09 Jul 2015 16:44 CET | Saudi Arabia
Saudi operator Mobily said it expects to reissue its financial statements after the Eid break. The move would be a significant ...

Calendar   /   Industry Events

15 Oct Broadband World Forum 2019
16 Oct Netflix Q3 2019
16 Oct Limelight Networks Q3 2019
16 Oct Dtac Q3 2019
16 Oct Crown Castle Q3
16 Oct Berec stakeholder forum
17 Oct Ericsson Q3 2019, Investors day
17 Oct Elisa Q3 2019
17 Oct Telia Q3 2019
17 Oct Central European Media Q3 2019
17 Oct Tele2 Q3 2019
18 Oct Digi Q3 2019
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Netgear Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Annual Customer Service Summit
::: More Calendar Items