Friday 20 January 2012

Vodafone Qatar Plans to Refinance $110 Million Loan Due in April - BusinessWeek

Vodafone Qatar, a venture between Vodafone Group LLC and state-controlled Qatar Foundation, plans to refinance a $110 million loan maturing in April, Chief Financial Officer Steve Walters said.

The company expects capital expenditure of 143 million riyals this quarter, he told reporters in Doha today. Vodafone Qatar earlier today said its fiscal nine-month loss narrowed to 359.4 million riyals from 456.8 million riyals a year earlier as customers increased 12 percent.

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