Vodafone Qatar Obtains $250 Million Facility for Network Rollout

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.

This site uses Akismet to reduce spam. Learn how your comment data is processed.