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Banglalink digital issues $300m bond

Reuters – Egypt’s Global Telecom Holding said on Monday its Bangladeshi subsidiary Banglalink Digital Communications Limited issued Bangladesh’s first international bond. Banglalink, wholly owned by Global Telecom, has priced a five-year $300m bond with the coupon at 8.625%, Global Telecom said in a statement. The transaction is expected to close on 6 May. “The notes …

Daily News Egypt

US data centre firm in venture with Egyptian telecoms tycoon

Reuters – US-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris’ telecoms empire to win business in Europe, Asia and the Americas. The joint venture with Accelero Capital and Orascom TMT Investments will build and operate data centres for clients such as cloud …

Daily News Egypt

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