Monday, September 26, 2022
HomeMost RecentAirtel Africa signs $125 million loan agreement with Citi

Airtel Africa signs $125 million loan agreement with Citi

MUMBAI: Airtel Africa has inked a mortgage settlement of $125 million with American banking main Citi. The corporate operates telecommunications and cellular cash providers in 14 nations in Africa. Airtel Africa stated the settlement with Citi consists of borrowing in each native currencies and US {dollars}.

“The facility has a period of September 2024 and will be used to support Airtel Africa’s operations and investments in its four subsidiaries,” the telecom firm stated in a press release. Ok Balasubramaniam, Citi’s Head of Company Banking in South Asia, stated, “This settlement is the primary performance-signal pushed deal by Citi India within the telecom sector.

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