www.WirelessFederation.com/news: MTN Cote d’Ivoire has reportedly secured a XOF 76.1 billion loan from nine banks led by Citibank Cote d’Ivoire. The loan was basically meant to be for XOF 60 billion, but was increased due to oversubscription.
MTN group Vice President Christian de Faria said that the funds would be used to finance the subsidiary’s ambitious investment programme for 2009-2013, which calls for expanding network coverage, boosting capacity and introducing new fixed, internet and data services.
Bank of Africa, BIAO, Omnifinance, SGBCI, Ecobank Cote d’Ivoire, SIB, Standard Chartered Cote d’Ivoire and UBA are the banks taking part in the loan.