Qatar Telecom secures $2b in credit facilities

26 Apr 2010

(MENAFN) Qatar Telecom (Qtel) said in a statement that it has secured $2 billion in credit facilities from local and foreign, designed to fund its operations and refinance its existing debts, QNA reported.

The company?s Chief Executive Officer said that the new facilities contribute to improving QTEL debts and boost its financial flexibility as well as reducing the cost of finance upon us.

Qtel provides a range of telecommunications products including national and international, Wireline and mobile telephony. It also offers Internet and Data services, ADSL, Wi-Fi and Cable TV services. The company functions in 17 countries and has more than 60 million clients.

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