May 21, 2018
Vodafone Qatar Obtains $250 Million Facility for Network Rollout
Bloomberg News
,(Bloomberg) -- Vodafone Qatar QSC obtained 911 million riyals ($250 million) in financing to help accelerate the phone operator’s fixed-line service rollout and 5G deployment in the country.
The revolving credit facility from Barwa Bank is available over six years, Vodafone Qatar said in a statement. The rollout will make Qatar one of the first countries in the world to have 5G services, it said.
To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Claudia Maedler
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