UPDATE 1-Saudi Telecom asks banks for more time in Turk Telekom debt talks -sources:
"Saudi Telecom Company (STC) has asked banks to extend a payment deadline in debt talks related to Turk Telekom, the Turkish fixed-line telecoms company in which STC is interested in buying a stake, sources close to the matter said.
Saudi Telecom’s request was made on behalf of Turk Telekom’s parent, Oger Telecom, in which STC has a 35 percent holding, three sources familiar with the situation said.
The request to extend a payment deadline on Oger’s $4.75 loan came as Dubai-based Oger Telecom missed its third straight repayment, one of the sources said. Oger missed similar payments in September 2016 and March 2017."
'via Blog this'
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