Omantel has signed a USD205 million financing facility with Mashreqbank. The money is expected to be used to pay for a 65% stake in Pakistan-based cableco and WiLL operator Worldcall Telecom. Omantel’s board approved the purchase in October 2007 and the price was finalised in February 2008.
Omantel signs financing facility to pay for Woldcall purchase
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