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| MTN Nigeria’s $3 billion syndicated loan | |
| Lead managers | Rand Merchant Bank and 23 other local and international banks |
| return to the Deals of the Year 2013 index | |
As one of the region’s most dynamic sectors, the telecommunications industry in Africa is highly competitive. But in Nigeria – the continent’s second-largest economy – MTN Nigeria’s recent syndicated deal has given the telecommunications giant the edge over its peers.
In a syndicated loan deal, involving 17 Nigerian and seven foreign banks, MTN Nigeria raised $3 billion aimed at expanding its geographic reach in Nigeria and improving the existing network quality.
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