Friday, 15 December 2017 02:33 GMT
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Mobily signs USD560m agreement for equipment

(MENAFN) Saudi Arabia's Mobily has signed an export credit agency agreements at USD560 million for the purchase of equipment from Nokia Siemens Networks and Ericsson, Arabian Business reported



The agreements included a USD280 million with the Swedish Export Credits Guarantee Board, while the rest were with Export Credit Agency of Finlan



The agreements signed have a tenor of 10 years and will be used over a year and a half



The company will repay the loans, which have a fixed interest rate of 2.4 percent a year, in 17 semi-annual equal installments


Mobily signs USD560m agreement for equipment

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