07 April 2013

HSBC Arranges $100mn Export Credit from Belgium to Etisalat to Expand Network with Equipment from Alcatel Lucent

0th April 2013, www.lankabusinessonline.com

HSBC said it had arranged a 100 million US dollar export credit from Belgium for Etisalat Sri Lanka to expand its network with equipment made by Alcatel-Lucent.

"The strong partnership with HSBC, ONDD and Alcatel-Lucent will now enable us to offer the best in technology and services to our customers."

He said Etisalat became the first operator to launch DC HSPA+ technology, to boost mobile broadband service in Sri Lanka.

The bank said it was the largest such deal so far in the country.

"Etisalat is a considerable force in the telecommunication industry in Sri Lanka, and we are pleased to have led this transaction to support their expansion plans..." Nick Nicolaou, chief executive officer HSBC Sri Lanka and Maldives said.

HSBC was sole arranger, sole lender and facility agent for the facility from ONDD, the export credit agency of Belgium.

HSBC had also arranged an additional 25 million US dollar facility in parallel to the export credit.

"Etisalat strongly believes in the growth potential of Sri Lanka and we want to support the ongoing development by providing the latest in technology to the country," chief executive officer Dumindra Ratnayaka, said.

Related Info :

HSBC Sri Lanka Branch Nearly Doubles Profit to Rs 8.2Bn in 2012

DFCC Raises $ 45mn Syndicated Loan. Amount Doubled due to Strong Interest Shown by Middle Eastern & Asian Banks

Sri Lanka's Sampath Bank Syndicated Loan of $ 62.5mn Raised from Middle Eastern Investors

 • Sri Lanka's Etisalat Spends $163mn on Expansion and 3G Upgrade

Etisalat Launches Sri Lanka's First e-Book Store for Local Publishers & Authors

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.