(MENAFN) Telecoms operator Viva's Chief Executive Officer, Salman Al Badran, stated that the company signed a financing deal of USD270 million with the National Bank of Kuwait Group, reported Arabian Business.
Al Badran also said that the funds will be used to help the Kuwait-based firm in upgrading its network and further expanding in the country.
It is worth noting that Viva is 26 percent owned by Saudi Telecom Company (STC) and 24 percent by the Government of the State of Kuwait, the remaining half being owned by individual investors. The company was launched in 2008.
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