Vodafone Qatar Obtains $250 Million Facility for Network Rollout

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Transmitting antennas are seen on a mobile-phone network relay mast in Schwindratzheim near Strasbourg, January 14, 2016. January 14, 2016. REUTERS/Vincent Kessler - RTX22I3C

Vodafone Qatar QSC obtained 911 million riyals ($250 million) in financing to help accelerate the phone operator’s fixed-line service rollout and 5G deployment in the country.

The revolving credit facility from Barwa Bank is available over six years, Vodafone Qatar said in a statement. The rollout will make Qatar one of the first countries in the world to have 5G services, it said.

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