Dubai Holding’s telecom business seeks $572m refi

Investment holding company Dubai Holding’s telecom business — Emirates International Telecommunications (EIT) — is looking to refinance a previous facility with a Dh2.1bn ($572m) club loan.

  • By Bianca Boorer
  • 13 Feb 2018

A spokesperson from Dubai Holding confirmed the group is in talks with Emirates NBD, Noor Bank and Commercial Bank International (CBI) about the facility. It is yet to be signed.

It will be backed by EIT’s stakes in fellow Middle Eastern telecom companies Axiom Telecom and Du. ...

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