Lenders smile on Smile Telecoms with $51m injection Sign in with LinkedIn
3h | Alan Burkitt-Gray Lenders to troubled African operator Smile Telecoms Holdings have agreed to reschedule its debts for a year.
At the same time the company, registered in Mauritius but with a head office in the UK, has had an injection of US$51 million to keep it going.
This morning the company said: “This debt restructuring plan sees an injection in fresh money funding from Smile’s majority shareholder, the Al Nahla, and rescheduling on debt repayment until post-March 2022.”
According to Al Nahla’s website, it was founded in Saudi Arabia in 1996. Its main areas of interest are in the automotive, real estate, trading and investment businesses. Investment activities include telecoms, the site confirms.
Ms. Irene Charnley and Mr. Mohammad Wajih Sharbatly retire from the Group's Board of Directors; The Group's Board announces several new appointments to reinforce the Group in the coming era of Telecoms transformation. Smile Telecoms Holdings Ltd., (www.Smilecoms.com) a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, […]
Ms.
Irene Charnley and Mr. Mohammad Wajih Sharbatly retire from the Group s Board of Directors; The Group s Board announces several new appointments to reinforce the Group in the coming era of Telecoms transformation.
Smile Telecoms Holdings Ltd., (www.Smilecoms.com) a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, announced after its board meeting held on January 15
th, 2021, significant changes in the leadership of the Group s board and management.
The Group announced the retirement of Ms. Irene Charnley and Mr. Mohammed Wajih Sharbatly from the Group s Board and all boards of the operating companies, effective January 1
Smile Telecoms
22-Feb-2021 / 05:24 GMT/BST
Press Release
Smile Telecoms Holdings Ltd. ( Group ) Announces Significant Changes in its Leadership
Ms. Irene Charnley and Mr. Mohammad Wajih Sharbatly retire from the Group s Board of Directors; The Group s Board announces several new appointments to reinforce the Group in the coming era of Telecoms transformation.
Smile Telecoms Holdings Ltd., (www.Smilecoms.com) a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, announced after its board meeting held on January 15th, 2021, significant changes in the leadership of the Group s board and management.
The Group announced the retirement of Ms. Irene Charnley and Mr. Mohammed Wajih Sharbatly from the Group s Board and all boards of the operating companies, effective January 1ST 2021.