Dialog raises $ 200m loan
Mobile operator Dialog Axiata, has raised $ 200 million through a
syndicated loan. The five-year loan had been arranged by OCBC Bank
Malaysia Berhard and Standard Chartered Bank, Dialog said in a media
release.
The fund will be used for capital expenditure, working capital and to
settle existing debt, company sources said.
Dialog recently signed an agreement with the BOI for a $ 150 million
expansion in broadband and fibre optics infrastructure, taking total
investments in the island so far to $ 1.5 billion. |