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General

Smile Telecoms receives approval for debt restructuring, gets USD 51 mln injection

Thursday 1 April 2021 | 13:58 CET | News
African operator Smile Telecoms Holdings announced that its restructuring plan has been approved and agreed with the lenders. This debt restructuring plan involves an injection of fresh money from Smile's majority shareholder, the Al Nahla Group, and rescheduling of debt repayment until post-March 2022. The new injection of USD 51 million in funding for operations will enhance Smile's position in its respective markets and energise its operations and support efforts towards better performance.

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Categories: General
Companies: Smile Telecoms
Countries: Africa
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