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MCEL – ECA-backed financing
26 March 2010
Key Swedish connection for Mozambique
This important telecoms financing transaction in Mozambique can be expected to act as a template for all other borrowers in the African region. The deal demonstrates a remarkable strategic quality and an example that in difficult times, some commercial banks are still prepared to provide medium-term commercial loans.The transaction finances a number of purchase orders concluded between Mozambique’s Moçambique Celular (MCEL) and both Ericsson AB Sweden and Ericsson South Africa for the supply of telecommunications equipment, software licences and related services for...
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