Home >> More Operators news >> This Article

Saudi Arabia's Mobily Secures $200 Million Guarantee for Alcatel-Lucent Purchases

Published on:

Note -- this news article is more than a year old.

Saudi Arabia's Mobily says that it has signed a USD200 million vendor financing agreement with Canada's export credit agency to buy equipment from Alcatel Lucent.

In a statement, Mobily said that Credit Agricole, Societe Generale and Bank of Tokyo Mitsubishi are lead arrangers on the sharia-compliant facility, which will be repaid in 17 semi-annual installments.

The network equipment purchases will be phased over a two year timeframe.

Export Development Canada provides Canadian exporters with financing, insurance and bonding services, as well as trade and market expertise.

Sign up for our free email news alerts

Sample Copy

Tags: mobily  alcatel lucent  Saudi Arabia