"Kuwaiti telecoms operator Viva, part-owned by Saudi Telecom Co (STC) and the Kuwaiti government, has secured $270m to help fund plans to upgrade its network and expand in Kuwait.
The multi-currency financing agreement was signed with National Bank of Kuwait Group (NBK Group). The deal includes $70m funding from Boubyan Bank, a member of NBK Group, and is for a five year period.
“Today marks the start of a new era for VIVA. This strategic partnership will help VIVA to further expand and develop its operations by allowing additional investment in its network, services and people and most importantly, diversify the funding sources for its operations and expansions, while preserving its financial strength,” said Salman Al Badran, VIVA CEO."
'via Blog this'
No comments:
Post a Comment