TeleGeography Logo

Qtel increases loan facility to USD2bn

30 Sep 2009

Qatar Telecom (Qtel) says its syndicated credit facility of USD1.5 billion has been increased to USD2 billion, according to a report by Maktoob Business. ‘Despite the current difficult global credit environment, the facility [was] more than 100% oversubscribed,’ Qtel said in a statement, adding that ‘in response to the substantial demand from investors for Qtel’s credit, the company elected to increase the final facility size to USD2 billion.’ Qtel’s existing USD2 billion debt matures in November 2009.

Qatar, Ooredoo Group, Ooredoo Qatar

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.