NAIROBI: MTN Uganda, a unit of South Africa's MTN Group<\/a> , got a $114 million syndicated credit which will be invested in its network infrastructure, it said on Thursday.<\/p>\n The company, Uganda's biggest telecoms network operator with 8.9 million subscribers at the end of last year, said the loan was arranged by Stanbic Bank Uganda, which teamed up with Citi, Standard Chartered and Barclays<\/a> for the deal.<\/p>\n \n\tThe syndicated loan has a local currency portion equivalent to $74 million with the rest being in foreign currency.<\/p>\n \n\tMTN Uganda Chief Executive Brian Gouldie said the company had repaid another syndicated loan that was raised in 2009.<\/p>\n \n\t\"This placed us in an ideal position to fund our continued aggressive network roll-out of high speed data capacity across Uganda,\" he said in a statement.<\/p>\n \n\tRising competition has forced firms to raise their investment to keep up with demands for faster connectivity, he added.<\/p>\n \n\tParent MTN Group said on Wednesday its business was also under pressure in its two biggest markets of South Africa and Nigeria from tough competition and weak economic growth, as well as the rand's low exchange rate. It is also still negotiating with the Nigerian authorities over a $3.9 billion fine for failing to disconnect millions of unregistered SIM cards users from its local cellular network. (Writing by Duncan Miriri; Editing by Greg Mahlich)<\/p>\n\n<\/body>","next_sibling":[{"msid":52452191,"title":"Micromax starts registrations of Canvas Spark 3, sale on June 2","entity_type":"ARTICLE","link":"\/news\/micromax-starts-registrations-of-canvas-spark-3-sale-on-june-2\/52452191","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":52451944,"entity_type":"ARTICLE","title":"MTN Uganda secures $114 mln loan for telecoms infrastructure","synopsis":"The company, Uganda's biggest telecoms network operator with 8.9 million subscribers at the end of last year, said the loan was arranged by Stanbic Bank Uganda, which teamed up with Citi, Standard Chartered and Barclays for the deal.","titleseo":"telecomnews\/mtn-uganda-secures-114-mln-loan-for-telecoms-infrastructure","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2016-05-26 19:00:30","lastupd":"2016-05-26 19:00:30","breadcrumbTags":["international","industry","Barclays","MTN Group"],"secinfo":{"seolocation":"telecomnews\/mtn-uganda-secures-114-mln-loan-for-telecoms-infrastructure"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-05-26" data-index="article_1">
公司、乌干达最大的电信网络运营商在去年年底,与890万用户表示,贷款安排的斯坦比克银行银行乌干达,与花旗、渣打银行和巴克莱的交易。 内罗毕:南非的MTN乌干达、一个单元MTN集团,有1.14亿美元银团贷款将投资于其网络基础设施,它周四表示。 公司、乌干达最大的电信网络运营商在去年年底,与890万用户表示,贷款安排的斯坦比克银行银行乌干达,与花旗,渣打银行(Standard Chartered)和巴克莱(Barclays)的交易。 银团贷款的当地货币部分相当于7400万美元和其他外币。 MTN乌干达首席执行官Brian Gouldie表示,该公司已偿还另一个银团贷款是2009年提出的。 “这放置在一个理想的位置为我们继续积极网络推出的高速数据容量在乌干达,”他在一份声明中说。 日益激烈的竞争迫使企业提高投资跟上要求更快的连接,他补充说。 父母MTN集团周三表示,其业务也在其两个最大的市场压力下的南非和尼日利亚的激烈竞争和疲弱的经济增长,以及兰德的低汇率。也仍然与尼日利亚当局谈判超过39亿美元的罚款未能断开数以百万计的未注册的SIM卡用户从本地移动网络。(由邓肯Miriri写作;由Greg Mahlich编辑)MTN乌干达mln获得114美元贷款对电信基础设施
NAIROBI: MTN Uganda, a unit of South Africa's MTN Group<\/a> , got a $114 million syndicated credit which will be invested in its network infrastructure, it said on Thursday.<\/p>\n
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