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02 February 2011

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Telkom signs Sinosure deal Telkom has signed a Sinosure-backed $127 million seven-year loan to part fund its capital expenditure programme, which in­cludes service expansion plans in South Africa, for which Huawei is equipment sup­plier. Absa Bank and Barclays were joint co-ordinating mandated lead arran­gers for the oversubscribed transaction. The MLA group also includes Bank of China, China Construction Bank, China Development Bank, Citi, HSBC and SMBC. SES closes with US Ex-Im on QuetzSat Luxembourg-based satellite operator SES has closed a $171.5 million loan with US Ex-Im to fund the acquisition of a new Ku-band broadcast satellite. The satellite, QuetzSat-1, will be built by Space Systems/ Loral and leased by SES...

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