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MTN Reportedly Signs $3 Billion Debt Facility

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MTN's Nigerian subsidiary is reported to have signed a US$ 3 billion syndicated loan facility with a number of banks.

There was no corresponding confirmation of the bank loan agreement on MTN's Group or Nigerian operations websites though.

According to the reports, the company has also declined to give details of which banks are involved or what the money is to be used for.

Another report suggested that only half the funding would go to MTN Nigeria. with the rest earmarked for the rest of MTN's operations.

On the web: Business Report - National Mirror

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