By Henry Ifeanyi
10 Oct 2013
Fibre optic company MainOne plans to use a $100 million loan from four Nigerian banks to expand its business across countries.
MainOne offers telecom services and network solutions for businesses in West Africa.
And the financial firms - Skye Bank Plc, Standard Chartered Bank Limited, First Bank of Nigeria Limited and First City Monument Bank - jointly provided the multimillion-dollar refinancing facility on Wednesday.
Chief executive officer of MainOne, Funke Opeke, hinted that part of the fund would be used to complete a data centre project.
Opeke added that the fund is planned help make interconnectivity easier and internet access faster and more efficient for the company’s clients.
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