MTN Cote d’Ivoire has raised USD151 million in a five-year loan deal. Citibank Cote d’Ivoire is the lead arranger for the deal which involves eight other local banks. MTN will use the loan to restructure debts and fund further investment. MTN is the second largest mobile network operator in the country, behind Orange Cote d’Ivoire and ahead of rivals Comium and Etisalat-backed Moov. As of December 2008 MTN had 3.56 million mobile subscribers in the country.