Wataniya offered USD1bn credit facility

14 Feb 2007

Kuwaiti telco Wataniya Telecom has secured funding of USD1 billion from European, Asian and Middle Eastern banks to finance its international expansion, under a three-year deal which includes an option to extend for a further two years. Wataniya is Kuwait’s second largest cellular operator and has overseas interests in Algeria, Tunisia, Iraq, Saudi Arabia and the Maldives. It has also been linked with a number of investment opportunities in other markets.

Kuwait, Ooredoo Kuwait