Celtel Tanzania secures US$70m for expansion
Jun 22, 2006
CELTEL Tanzania has secured a $70m in funding to drive the company’s expansion plans in the country.
CELTEL Tanzania has secured a $70m in funding to drive the company’s expansion plans in the country, writes Emmy Olaki.
The company will also access $15m early in 2007 through a roll-over facility to be provided by the lenders from the banking syndicate involved, allowing the company to fund development.
A statement said the loan will amortise over four and a half year. Standard Bank Plc is the global arranger.
The company will also access $15m early in 2007 through a roll-over facility to be provided by the lenders from the banking syndicate involved, allowing the company to fund development.
A statement said the loan will amortise over four and a half year. Standard Bank Plc is the global arranger.